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In a period of inflation, the cost flow method that results in the lowest income taxes is the average-cost method. gross profit method. FIFO method.
In a period of inflation, the cost flow method that results in the lowest income taxes is the
average-cost method.
gross profit method.
FIFO method.
LIFO method.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
