Which of the Following Inventory Valuation Methods Minimizes Income Tax

question 12

Multiple Choice

Which of the following inventory valuation methods minimizes income tax expense during a period of rising inventory costs?

• A) first-in, first-out
• B) last-in, first-out
• C) weighted-average
• D) specific identification

---

Definitions:

Bureaus of Vital Statistics

Government agencies that record and maintain essential documents, such as birth, death, marriage, and divorce records.

Banks

Financial institutions licensed to receive deposits and make loans, and they offer various other financial services.

Bureaus of Vital Statistics

Government agencies tasked with recording and maintaining essential records of births, deaths, marriages, and divorces.

Banks

Financial institutions licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.