Why does a company voluntarily choose LIFO approach that reduces reported income and total assets...
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Why does a company voluntarily choose LIFO approach that reduces reported income and total assets when prices rise? Group of answer choices It leads to lower income tax costs. It reduces the dividend payout ratio. It shows an overall healthier position of the company. It yields higher return on assets.
Why does a company voluntarily choose LIFO approach that reduces reported income and total assets when prices rise?
Group of answer choices
It leads to lower income tax costs.
It reduces the dividend payout ratio.
It shows an overall healthier position of the company.
It yields higher return on assets.
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