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In the nineteenth century, critics felt which of the following might create havoc?
Average costing
Average costing is an inventory costing method where all costs of inventory are averaged over the goods available for sale, providing a medium cost per unit.
Rising prices
An economic phenomenon where the general level of prices for goods and services increases over a period.
Income taxes
Taxes levied by governments on individuals or entities' income.
FIFO
Stands for First In, First Out, an inventory valuation method where goods purchased or produced first are sold or used first.
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