[Solved] What is the difference between FIFO and L

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What is the difference between FIFO and LIFO? Which is a better match of current expense with income in time of rising prices? Which is

What is the difference between FIFO and LIFO?

Which is a better match of current expense with income in time of rising prices?

Which is a better match of current asset value to balance sheet?

Which one is tax driven?

Which one is financial accounting driven?

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