Fifo is preferred when purchase costs are rising and managers have incentives to report higher income for reasons such as bonus plans, job security, and reputation.

a. True

b. False

Question

Mcdaniel

3 October, 07:52

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Trent · Answer 1

job security and reputation

A) Ture

Fifo is preferred when purchase costs are rising and managers have incentives to report higher income for reasons such as bonus plans, job security, and reputation.a. Trueb. False