Question: Which statement is FALSE? A. If L.IFO is no longer allowod to be used in the United States, the tax burden on many companives will

Which statement is FALSE? A. If L.IFO is no longer allowod to be used in the United States, the tax burden on many companives will be lower. B. IFRS does not permit the use of LIFO C. IFRS does permit the FIFO method

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