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Which of the following statements is/are true? Select one: a. WAC results in a higher net income than FIFO when costs are decreasing. b. FIFO
Which of the following statements is/are true? Select one: a. WAC results in a higher net income than FIFO when costs are decreasing. b. FIFO results in a lower net income than WAC when costs are increasing. C. WAC results in a higher net income than FIFO when costs are increasing
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