2. Other things being equal, if prices are rising, a company will have a higher...
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Accounting
- 2. Other things being equal, if prices are rising, a company will have a higher gross profit if it uses:
- a. FIFO.
- b. LIFO.
- c. Weighted average.
- d. The inventory cost flow method used has no effect on gross profit.
- 2. Other things being equal, if prices are rising, a company will have a higher gross profit if it uses:
- a. FIFO.
- b. LIFO.
- c. Weighted average.
- d. The inventory cost flow method used has no effect on gross profit.
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