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    Business
  3. Study Set
    Financial Statement Analysis
  4. Exam
    Exam 6: Liquidity of Short-Term Assets;related Debt-Paying Ability
  5. Question
    The LIFO Inventory Costing Method Results in the Acid-Test Ratio
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The LIFO Inventory Costing Method Results in the Acid-Test Ratio

Question 32

Question 32

True/False

The LIFO inventory costing method results in the acid-test ratio being overstated.

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