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Which of the following is NOT considered a disadvantage of using LIFO? A . Higher chance of write - downs for the inventory account when
Which of the following is NOT considered a disadvantage of using LIFO? A Higher chance of write downs for the inventory account when applying lower of cost or market valuation B The difficulty in projecting endof year estimates for COGS during early in the fiscal year C The potential for earnings management under LIFO D The possibility of LIFO liquidations
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