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How might managers that use LIFO manipulate income? Select one: A. By disclosing LIFO reserves in the financial statement footnotes B. By drawing down on
How might managers that use LIFO manipulate income?
Select one:
A. By disclosing LIFO reserves in the financial statement footnotes
B. By drawing down on the LIFO earnings reserve when additional income is needed to meet Wall Street expectations
C. By selling inventory items at higher prices when costs increase
D. By purchasing more inventory at year end to make sure the ending inventory value is greater than the beginning inventory value
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