https://blackboard.utdl.edu/webapps/blackboard/execute/displayLearningUnit?course_id=_280432_1&content_id=_8897542_1

Here is the link to answer these questions.

Which cost flow assumption does Cisco use to value inventories?

a.Average cost

b.moving average cost

c.FIFO

d.LIFO

Assuming increasing prices, Cisco cost flow assumption results in _________ net income than if Cisco used LIFO.

same amount

more

less

cannot be determined

Assuming increasing inventory prices, Cisco cost flow assumption results in ________ total assets than if Cisco used average cost.

more

less

the same amount

cannot be determined