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Please explore the following questions: How widespread is the use of the LIFO method globally? What types of businesses benefit from the use of the

Please explore the following questions:

How widespread is the use of the LIFO method globally? What types of businesses benefit from the use of the LIFO method? What are the criticisms of the LIFO method? How does the LIFO method impact net income and taxes When should companies use the FIFO or weighted Average Method?

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