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In an inflationary period, which inventory cost flow method, LIFO or FIFO, will produce the highest net income? Explain you answer.
In an inflationary period, which inventory cost flow method, LIFO or FIFO, will produce the highest net income? Explain you answer.
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
