Question: Redlines consolidated gross profi t margin for 2007 would be highest if Acceletron accounted for inventory using: A . FIFO, and its functional currency were

Redline’s consolidated gross profi t margin for 2007 would be highest if Acceletron accounted for inventory using:

A . FIFO, and its functional currency were the US dollar.

B . LIFO, and its functional currency were the US dollar.

C . FIFO, and its functional currency were the Singapore dollar.

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