شرح كامل للطريقة الي بتكسب اكتر في حالة rising prices or declining prices

1. In a period of rising prices, the inventory method that will show the highest net income is: a. Average cost b FIFO c. LIFO d. Moving average 2. In a period of inflation, FIFO will have a. Lower net income than LIFO b. Lower cost of goods sold than LIFO c. Lower income tax expense than LIFO d. Lower net purchases than LIFO 3. In periods of rising prices, the inventory method which results in the inventory value on the statement of financial position that is closest to current cost is the a. FIFO method. b. Specific identification method. c. Average-cost method. d. Tax method. 4. The inventory method which results in the highest gross profit is: a. The FIFO method. b. The specific identification method. c. The average-cost method. d. Not determinable. 5. In a period of falling prices, which inventory method would result in the lowest tax burden? a. Average-cost. b. FIFO. c. No difference. d. Cannot be determined.