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Question: Mamosa Corporation has been using the FIFO cost flow method during a prolonged period of inflation. During the same time period, Mamosa has been paying out all of its net income as dividends. What adverse effects may result from this policy? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92656404

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