LIFO's tax advantage is that it provides a lower net income than FIFO during periods of rising prices and decreasing inventory quantities.

Name: LIFO's tax advantage is that it provides a lower net income than FIFO during periods of rising prices and decreasing inventory quantities.
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The Answer of LIFO's tax advantage is that it provides a lower net income than FIFO during periods of rising prices and decreasing inventory quantities.

LIFO's Tax Advantage Is That It Provides a Lower Net