Which of the following businesses is most likely to benefit from an election to account for its inventory under LIFO?
A) A company producing parts for the auto industry - costs in this field tend to steadily climb.
B) A company producing products with copper as a key component - copper prices fluctuate widely.
C) 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.
D) None of the above.
Correct Answer:
Verified
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