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Which inventory method results in the highest net income during periods of falling prices? a. LIFO b. Weighted average c. FIFO d. Specific identification
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Which inventory method results in the highest net income during periods of falling prices?

a. LIFO
b. Weighted average
c. FIFO
d. Specific identification

User Matei Florescu
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6.2k points

1 Answer

4 votes
The answer is a. LIFO
User Xjcl
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