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When inventory costs are declining generally results in a lower amount of reported inventory. 151. When inventory costs are rising, __________ generally results in a lower amount of

When inventory costs are declining, __________ generally results in a lower amount of reported inventory.

 

 

151. When inventory costs are rising, __________ generally results in a lower amount of reported cost of goods sold.

 

 

152. When inventory costs are declining, __________ generally results in a higher amount of reported net income.

Jan 27 2020 View more View Less

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