In periods with rising prices and increasing quantities of inventories, which of the following relationships among inventory valuation methods is generally correct? O FIFO has a higher inventory balance and a lower net income than LIFO. O FIFO has a higher inventory balance and a higher net income than LIFO. OLIFO has a higher inventory balance and a higher net income than FIFO. OLIFO has a higher inventory balance and a lower net income than FIFO. All of the following would qualify a lease as a capital lease except: The lease term is 80% of the asset's estimated useful life. O The lease agreement contains a bargain purchase option. The present value of the lease payments equals 70% of the fair market value of the leased asset. Title to the leased asset transfers to the lessee at the end of the lease term