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Which of the following is not considered an advantage of last-in, first-out when prices are rising? Select one: A. Overstated inventory B. The more recent
Which of the following is not considered an advantage of last-in, first-out when prices are rising?
Select one:
A. Overstated inventory
B. The more recent costs are matched against current revenues.
C. There will be a deferral of income tax.
D. A company's future reported earnings will not be affected substantially by future price declines.
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