Which cost flow assumption generally results in the highest reported amount of net income in...
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Accounting
Which cost flow assumption generally results in the highest reported amount of net income in periods of rising inventory costs? Multiple Choice Weightedaverage. LIFO. FIFO. Income will be the same under each assumption. 
Which cost flow assumption generally results in the highest reported amount of net income in periods of rising inventory costs?
Multiple Choice
Weightedaverage.
LIFO.
FIFO.
Income will be the same under each assumption.
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