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  3. 9. during a period of falling prices, which of the

9. During a period of falling prices, which of the following methods is likely to...

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Accounting

9. During a period of falling prices, which of the following methods is likely to result in reporting the lowest income tax expense?

a. Average Cost

b. FIFO

c. LIFO

d. Specific Identification

e. None of the above

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