Question
Which of the following is true? The choice of LIFO versus FIFO will normally not affect a companys net income or cash flow from operations.
Which of the following is true?
| The choice of LIFO versus FIFO will normally not affect a companys net income or cash flow from operations. | ||
| The choice of LIFO versus FIFO will normally affect a companys net income but not affect its cash flow from operations. | ||
| The choice of LIFO versus FIFO will normally affect a companys net income and its cash flow from operations. | ||
| The choice of LIFO versus FIFO will normally not affect a companys net income but will affect cash flow from operations. |
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The AMA Handbook Of Financial Risk Management
Authors: John J. Hampton
1st Edition
0814417442, 978-0814417447
