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Which of the following statements is true regarding the LIFO inventory costing method? Group of answer choices Canadian public companies are not allowed to use

Which of the following statements is true regarding the LIFO inventory costing method?

Group of answer choices

Canadian public companies are not allowed to use the LIFO inventory costing method.

If a Canadian public company is listed on a U.S. stock exchange, the company is allowed to use LIFO.

If a Canadian public company does more than 50% of its business outside Canada, the company is allowed to use the LIFO inventory costing method.

If a Canadian public company has foreigners as its majority shareholders, the company is allowed to use the LIFO inventory costing method.

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