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NEW QUESTION: 1
Which of the following statements concerning inventory valuation is INCORRECT?
A. During periods of rising input prices, LIFO would underestimate gross profit.
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C. In order to adjust balance sheet values for a company using LIFO, an analyst would add LIFO reserve to the reported inventory value.
Answer: A
Explanation:
LIFO reports proper income or profit when prices are rising. FIFO would overestimate it.

NEW QUESTION: 2

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

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


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