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1. Which inventory cost-flow assumption usually yields the highest ending inventory? Why? 2. Which...

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Accounting

1. Which inventory cost-flow assumption usually yields the highest ending inventory? Why?

2. Which inventory cost-flow assumption usually yields the lowest tax bill? Why?

3. During a recession, which inventory cost-flow assumption would you choose if you'd like to report the lowest net income? Why?

4. During a recession, which inventory cost-flow assumption would you choose if you'd like the lowest tax bill? Why?

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