If Nike uses the FIFO inventory costing method when inventory pricing is decreasing, the GROSS PROFIT will be: higher than the gross profit under the LIFO method. less than the gross profit under the LIFO method. equal to the gross profit under the LIFO method. equal to the cost of goods sold under the LIFO method. If Nations Auto owned vacant land and they installed a vinyl fence for security, which asset account would Nations Auto use to record the cost of the fence? Building Accumulated Depreciation Depreciation Expense Land Land Improvements Equipment Select the all of the elements of the fraud triangle (Select all answers that apply): O Motivation Rationalization Fulfilment Opportunity