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Q. In a situation of rising prices, profit and tax liability would be lower under method than under method of material issue pricing
A. FIFO; LIFO
B. LIFO; FIFO
C. LIFO; Average
D. FIFO; Average
Answer: LIFO; FIFO
A. FIFO; LIFO
B. LIFO; FIFO
C. LIFO; Average
D. FIFO; Average
Answer: LIFO; FIFO
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