Question:In periods of rising prices, LIFO will produce: 

A higher net income than FIFO. 
B the same net income as FIFO. 
C lower net income than FIFO. 
D higher net income than average costing. 

+ Answer
C 

+ Report

Mohammad Towhidul Islam

Editor, VCampus

Your Name

Your Email

Type of Report
Spelling MistakeIncorrect AnswerGrammar MistakeContent MissingImproper Text FormatInsufficient AnswerDuplicate QuestionImproper Sentence StructureImproper Equation/FormulaOther

Description