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    Exam 9: Working Capital
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    LIFO Is Like a Stack of Trays in a Cafeteria
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LIFO Is Like a Stack of Trays in a Cafeteria

Question 21

Question 21

True/False

LIFO is like a stack of trays in a cafeteria: the last tray deposited on the stack is the first one taken off, and the lowest tray in the stack remains there as long as any trays remain.

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