Which of the following statements is true regarding the choice between the cost-of-good-sold method and the loss method for writing down inventory to the lower-of-cost-or-net realizable value? O The income statement presentation under the loss method lacks representational faithfulness. O Tax rules require the use of the loss method. O The loss method provides for greater financial statement transparency. O All of these statements are true regarding the choice between the cost-of-good-sold method and the loss method for writing down inventory to the lower-of-cost-or-net realizable value.