Question: LIFO ( Points: 1 0 ) a . stands for last - in , first - out b . is a method of inventory accounting

LIFO
(Points: 10)
a. stands for last-in, first-out
b. is a method of inventory accounting
c. will have an effect on both the balance sheet and income statement
d. all the above
The ability of a business to pay off liabilities without disrupting business is term
(Points: 10)
a. solidity
b. liquidity
c. feasibility
d. elasticity
LIFO ( Points: 1 0 ) a . stands for last - in ,

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