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amandeep68 amandeep68
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5 years ago
In a period of falling prices, the lower cost of goods sold under the FIFO method leads to higher operating income and higher tax payments.
[True or False]
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wrote...
5 years ago
 False
Explanation:  In a period of falling prices, the higher cost of goods sold under the FIFO method leads to lower operating income and lower tax payments.
amandeep68 Author
wrote...
5 years ago
found this very helpful thank you
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