Question 10 During a period when inventory costs are steadily decreasing, which of the following is true? a. Net income will be higher under FIFO than under LIFO. b. Ending inventory value will be higher under FIFO than under LIFO. c. Cost of goods sold will be higher under LIFO than under FIFO. d. Income taxes will be lower under FIFO than under LIFO. A Moving to another question will save this response. Question 11 Match the statement on the left with the category on the right "Everyone is going to cheat on the exam, so I'd better cheat, too." A. Independent verification "If I fail this class, I'll lose my scholarship B. Segregation of duties. "This company has lousy Internal controls and doesn't enforce the ones it has." C. Rationalization "Sorry to make you wait but my cashier shift has ended, and we have to switch out D. Opportunity. cash boxes." E. Establishment of responsibility. "count cash at the end of the day, but Carlos keeps the accounting records for Cash." F. Incentive. "We can't hire our audit firm for a consulting project about our internal controls