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Which of the following will occur when inventory costs are decreasing? Multiple Choice FIFO will result in a lower net income and a lower ending

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Which of the following will occur when inventory costs are decreasing? Multiple Choice FIFO will result in a lower net income and a lower ending inventory than will LIFO. FIFO will result in a higher net income and a higher ending inventory than will LIFO. FIFO will result in a higher net income but a lower ending inventory than will LIFO. FIFO will result in a lower net income but a higher ending inventory than will LIFO

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