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LIFO's tax advantage Is that A. it provides a higher net income than FIFO during periods of rising prices and nondecreasing inventory quantities. B. it

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LIFO's tax advantage Is that A. it provides a higher net income than FIFO during periods of rising prices and nondecreasing inventory quantities. B. it provides a lower net income than FIFO during periods of rising prices and nondecreasing inventory quantities. C. It provides a lower net Income than FIFO during periods of falling prices and nondecreasing inventory quantities. D. it provides a lower net income than FIFO during periods of rising prices and decreasing inventory quantities

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