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The managers of Tasted Company receive performance bonuses based on the net income of the firm. Which inventory costing method are they most likely to
The managers of Tasted Company receive performance bonuses based on the net income of the firm. Which inventory costing method are they most likely to prefer in periods of declining inventory costs (i.e., deflation)?
Group of answer choices
LIFO
FIFO
weighted average
either FIFO or LIFO as they will both report the same net income
the managers will have no preference since the inventory method does not effect the companys net income
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