Which One of the Following Statements Is False

question 30

Multiple Choice

Which one of the following statements is false?

• A) Under conditions of rising prices, the LIFO method results in lower income than the FIFO method.
• B) In most cases, the FIFO method approximates the physical flow of items in inventory.
• C) The LIFO method produces a higher ending inventory value than the FIFO method.
• D) The FIFO method includes holding gains in income.

---

Definitions:

Father's Absence

A situation where the father is physically or emotionally absent from the child's life, which can have various impacts on the child's development and psychological health.

Marry First Time

The act of entering into a marriage contract or ceremony for the first time.

Cognitive Development

The progression of learning and acquisition of problem-solving skills and knowledge, from childhood through adulthood.

Sociohistorical Context

The social, cultural, and historical environment or circumstances that influence and shape events, individuals, or societies.