LIFO's Tax Advantage Is That

Multiple Choice

LIFO's tax advantage is that

A) it provides a higher net income than FIFO during periods of rising prices and nondecreasing inventory quantities.
B) it provides a lower net income than FIFO during periods of rising prices and nondecreasing inventory quantities.
C) it provides a lower net income than FIFO during periods of falling prices and nondecreasing inventory quantities.
D) it provides a lower net income than FIFO during periods of rising prices and decreasing inventory quantities.