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Question 26 3.9 pts Company A and Company B are identical in operations, including the fact that they bought and sold the same quantities of
Question 26 3.9 pts Company A and Company B are identical in operations, including the fact that they bought and sold the same quantities of inventory at the same prices. The only difference is that Company Acosts its inventory using the FIFO cost flow assumption and Company B costs its inventory using the LIFO cost flow assumption. The following additional facts are pertinent: Costs have been rising during recent years All sales and purchases are made with cash All income taxes are immediately paid with cash The number of units purchased is larger than the number of units sold . Regarding only the effects of this difference in inventory choice, which of the following company's quality of income ratio (net cash from operating activities + net income) is higher? Both the same Company B Cannot be determined Company A
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