(i), (iii) and (v)

(ii), (iv) and (v)

(iii), (iv) and (vi)

(i), (ii) and (vi)

Adjust the timing of costs so that earnings are increased in bad years and decreased in good years, thereby smoothing earnings.

Adjust the timing of costs so that earnings are further decreased in bad years.

Make financing costs appear to be operating expenses, so that they will not affect net income from continuing operations.

Make losses appear to be extraordinary so that they will not affect income from continuing operations.

LIFO COGS < weighted average COGS < FIFO COGS

weighted average COGS > LIFO COGS > FIFO COGS

LIFO COGS = weighted average COGS = FIFO COGS

None of these answers are correct

LIFO COGS > weighted average COGS > FIFO COGS

lower cash flows from investing and lower income variability

lower profitability in the earlier years and lower leverage ratios

higher income variability and higher cash flows from operations

lower cash flows from operations and higher profitability in early years