Which of the following statements is (are) true regarding a publicly traded United States corporation that follows US GAAP, and uses the LIFO Inventory method for financial reporting purposes.

• The firm must also use the LIFO Inventory method for Income Tax Reporting purposes.

• The firm is required to report the "Excess of the Replacement Cost over the Carrying Amount" of the inventory, or a reasonable approximation thereof.

• Both A and B

• None of the Above