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C. LIFO is superior for income statement purposes whereas FIFO is superior for balance sheet purposes.
Answer: B
Explanation:
LIFO reports proper income or profit when prices are rising. FIFO would overestimate it.

NEW QUESTION: 2

A. Option A
B. Option E
C. Option B
D. Option D
E. Option C
Answer: B,D

NEW QUESTION: 3
When would the ideal time to use the NetCache DNS Tree Search option?
A. users always provide fully-qualified domain names
B. you want to reduce network traffic
C. users will not always provide fully-qualified domain names
D. faster resolutions are desired
Answer: C


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