In a period of inflation, if a company wants to keep their income taxes as low as possible, they should choose which method of accounting for their inventory? LIFO Average NIFO FIFO Question 20 (5 points) Which of the following items would normally be found on a company's statement of retained earnings?wo currencies equals the interest rate difference between the two countries, this phenomenon is referred to a Rent Expense Dividends declared Gain on sale of equipment Common Stock