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B. S8300
C. MM710
D. MM340
Answer: D
NEW QUESTION: 3
Swimsuit Shop uses FIFO inventory method. During a time of rising prices and constant inventory level
(in terms of quantity), Swimsuit Shop would experience
A. higher cost of goods sold (COGS) and lower net income.
B. higher cash flows.
C. higher taxes.
Answer: C
Explanation:
The sequence is: lower COGS --> higher net income --> higher taxes --> lower cash flows.
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