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  3. 2. contrast the effect of lifo versus fifo on repo

2. Contrast the effect of LIFO versus FIFO on reported assets when prices are rising...

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Accounting

2. Contrast the effect of LIFO versus FIFO on reported assets when prices are rising and prices are falling? Do you think that we really need these methods or could we just require everyone to use the average costing method? Explain.

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