Which of the following statements is/are true? Multiple Choice In a period of rising costs and stable Inventory levels, using the LIFO method leads to a lower taxable Income and higher net income compared to the FIFO method. All of the other answer choices are true Prov All of the other answer choices are true. In a period of rising costs and stable inventory levels, using the FIFO method leads to a higher taxable income and higher net income compared to the LIFO method. In a period of falling costs and stable inventory levels, cost of goods sold is the same under LIFO and FIFO