1 pts Question 5 When considering FIFO versus LIFO methods of inventory accounting, in a deflationary environment where the costs of inventory are declining over the year, which of the following are true? Total assets would be greater with FIFO than LIFO and Earnings per Share (EPS) would be less with FIFO than LIFO. Total assets would be less with FIFO and Earnings per Share (EPS) would be greater with FIFO than LIFO. Total assets would be greater with FIFO than LIFO and Earnings per Share (EPS) would be greater with FIFO than LIFO. Total assets would be less with FIFO than LIFO and Earnings per Share (EPS) would be less with FIFO than LIFO