Which inventory valuation method is usually best for saving taxes in an inflationary economy? A. First In, First Out (FIFO) B. Last in, First Out (LIFO) c. Last in, Last Out (LILO) D. Weighted average The allowance method for accounting for uncollectible accounts is based on which of the following principles? A. The conservatism principle B. The revenue recognition principle c. The matching principle D. The proper expense principle