________ is a reduction in inventory and safety stock because of the merging of variable demands from customers

When a company uses LIFO for external reporting purposes and FIFO for internal reporting purposes, an Allowance to Reduce Inventory to LIFO account is used. This account should be reported

a. on the income statement in the Other Revenues and Gains section. b. on the income statement in the Cost of Goods Sold section. c. on the income statement in the Other Expenses and Losses section. d. on the balance sheet in the Current Assets section.

MPR professionals create press kits to publicize the good deeds of large corporations and ensure that the media mentions the corporation's positive impact on local communities

Indicate whether the statement is true or false