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In a period of rising prices, A. LIFO inventory will be greater than FIFO inventory. B. net income under LIFO will be higher than under
In a period of rising prices, A. LIFO inventory will be greater than FIFO inventory. B. net income under LIFO will be higher than under FIFO. OC. cost of goods sold under LIFO will be less than under FIFO. O D. gross profit under FIFO will be higher than under LIFO
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