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FIFO will cause inflated profits during deflation.T/F,,An increase in accounts receivable and a decrease in accounts payable will reduce the amount of new external funds required.T/F,,An increase in sales accompanied by an increase in accounts payable will reduce the amount of new external funds required. T/F,,The value of ending inventory should be equal to beginning inventory plus total production costs minus cost of goods sold.T/F,,,,,,

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