If legally allowed, during periods of rising inventory values, a retailer using the FIFO (first-in-first-out) method could reduce its tax liability by _____

Tian Zhao's parents were peasants from central China. Tian earned a degree in electronics from a university and now works for a medium-sized firm building computer components

Tian has purchased a Canon camera and a Dell computer, and he wears Nike running shoes. He is a member of the mass class. Indicate whether the statement is true or false

A policy of "sticky dividends," meaning one in which dividends tend to stick at newly raised levels, is used more frequently by firms than a residual dividend policy

Indicate whether the statement is true or false.