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Question
Last-in first-out method is suitable in times of __________.
Last-in first-out method is suitable in times of __________.
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Solution
The correct option is C Rising Prices
Option c) Rising Prices. This method gives you the highest cost of goods sold and the lowest taxable income.
Rising Prices
Option c) Rising Prices. This method gives you the highest cost of goods sold and the lowest taxable income.
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