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Q 15 The LIFO effect is- Select one: O a the change from the LIFO inventory value to the FIFO inventory value O b. the
Q 15 The LIFO effect is- Select one: O a the change from the LIFO inventory value to the FIFO inventory value O b. the difference between the ending inventory measured using LIFO and FIFO O c. the change in the LIFO reserve account during the year and the impact on cost of goods sold O d, the difference between the beginning inventory measured using LIFO and FIFO O e. None of the above
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