marygross28 marygross28

11-06-2017
Business

contestada

Which inventory method producess the lowest income tax during a period of inflation? A. LIFO B. FIFO c> Weighted-average

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Aliwohaish12 Aliwohaish12

11-06-2017

Hi there

The answer is
A. LIFO

the FIFO inventory costing method will produce a higher net income, and thus a higher tax liability, than the LIFO method

Hope it helps

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