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NEW QUESTION: 1
Which of the following statements concerning inventory valuation is INCORRECT?
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B. LIFO is superior for income statement purposes whereas FIFO is superior for balance sheet purposes.
C. During periods of rising input prices, LIFO would underestimate gross profit.
Answer: C
Explanation:
LIFO reports proper income or profit when prices are rising. FIFO would overestimate it.
NEW QUESTION: 2
A. Option A
B. Option C
C. Option E
D. Option D
E. Option B
Answer: C,D
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 always provide fully-qualified domain names
C. users will not always provide fully-qualified domain names
D. faster resolutions are desired
Answer: C
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