Question: is this the right answer? please explain. effect on 2020 net income of the inventory reduction (or LIFO liquidation), compared to having no change in

is this the right answer? please explain. effect on 2020 net

is this the right answer? please explain.

effect on 2020 net income of the inventory reduction (or LIFO liquidation), compared to having no change in inventory quantity from the beginning to the end of 2020 , is: Multiple Cholce Impossible to determine from the Information given. net income for 2020 will be less if the inventory quantity declines. net income for 2020 will be greater if the inventory quantity declines. net income for 2020 will not be affected because of the Inventory quantity decline

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