Advantages to the first-in, first-out method of inventory costing include Answer

Question

Advantages to the first-in, first-out method of inventory costing include Answer higher net income with inflation. lower income tax with inflation. higher cash flows from operation with inflation. a closer match between earnings and current cost income. Advantages to the first-in, first-out method of inventory costing include Advantages to the first-in, first-out method of inventory costing include higher net income with inflation. lower income tax with inflation. higher cash flows from operation with inflation. a closer match between earnings and current cost income. higher net income with inflation. lower income tax with inflation. higher cash flows from operation with inflation. a closer match between earnings and current cost income.

Explanation / Answer

its option C ie higher cash flows from operation with inflation

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