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Which of the following is least likely to be a result of using last in, first out (LIFO) as the inventory method during periods of
Which of the following is least likely to be a result of using last in, first out (LIFO) as the inventory method during periods of decreasing prices compared to using first in, first out (FIFO)?
A. Higher taxes.
B. Higher cash flows.
C. Lower COGS.
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