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Marci is looking over the profit and income information for two different companies. One company uses LIFO and the other uses FIFO. Prices are
Marci is looking over the profit and income information for two different companies. One company uses LIFO and the other uses FIFO. Prices are rising. What is Marci most likely to notice about these two companies? O The company that uses LIFO will likely have a higher net income and gross profit than the company that uses FIFO. O The company that uses FIFO will likely have a higher net income and gross profit than the company that uses LIFO. The company that uses FIFO will likely have a lower net income and a higher gross profit than the company that uses LIFO. The company that uses FIFO will likely have a higher net income and a lower gross profit than the company that uses LIFO.
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