Which of the Following Businesses Is Most Likely to Benefit

question 26

Multiple Choice

Which of the following businesses is most likely to benefit from an election to account for its inventory under LIFO?

• A)A company producing the newest version of a tablet with ultra-long battery life.It believes it has a one-year lead over the competition.
• B)A company producing products with copper as a key component - copper prices fluctuate widely.
• C)A company producing parts for the auto industry - costs in this field tend to steadily climb.
• D)None of the above.

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