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  3. in periods when costs are rising, lifo liquidation

In periods when costs are rising, LIFO liquidations: A. Cant occur. B. Are used to...

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Accounting

In periods when costs are rising, LIFO liquidations:

A. Cant occur.

B. Are used to reduce tax liabilities.

C. Are a source of off-balance-sheet financing.

D. Distort the net income.

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