Which of the Following Is True? the Choice of LIFO

question 39

Multiple Choice

Which of the following is true? The choice of LIFO versus FIFO will:

• A)not affect net income or cash flow from operations.
• B)not affect net income but will affect cash flow from operations.
• C)affect both net income and cash flow from operations.
• D)affect net income but will not affect cash flow from operations.

---

Definitions:

Gestational Age

the age of an embryo or fetus (or newborn) calculated from the first day of the last menstrual period of the pregnant woman, typically used to assess the developmental stage and schedule appropriate medical care.

Severe Disability

A classification for disabilities that significantly impair one's ability to perform daily activities or function independently.

Low Birth Weight

Refers to a newborn weighing less than 2,500 grams (5 pounds, 8 ounces) at birth, regardless of gestational age.

Cesarean-Section

A surgical procedure used to deliver a baby through incisions in the abdomen and uterus when vaginal delivery is not possible or safe.