Lincoln Corporation and Continental Incorporated are identical companies except that Lincoln complies with U. S. Generally Accepted Accounting Principles and Continental complies with International Financial Reporting Standards. Assuming an inflationary environment and stable inventory quantities, which permissible cost flow assumption will minimize each firm’ s pre-tax financial income Lincoln CorporationContinental Incorporated（）①A. Last-in, first-outLast-in, first-out ②B. First-in, first-out Average cost ③C. Last-in, first-out Average cost
A. ①
B. ②
C. ③
