rape T QUIZ This Question: 1 pt 3 of 10 (2 complete) Why is LIFO a good news/bad news inventory method? O O O O A. LIFO is both a good news/bad news inventory method because stockholders love it and accountants don't B. The good news is that reported profit is higher with LIFO. The bad news is that LIFO increases taxes. C. LIFO is both a good news/bad news inventory method because inflation has no affect on it D. The good news is that LIFO reduces taxes in times of rising prices. The bad news is that reported profit is lower