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متابعة

Which one of the following actions would result in a decrease in income?

 

a) Liquidating last-in, first-out layers of inventory when prices have been increasing.

b) Changing from first-in, first-out to last-in, first-out inventory method when prices are decreasing.

c) Accelerating purchases at the end of the year when using the last-in, first-out inventory method in times of rising prices.

d) Changing the number of last-in, first-out pools.

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2015/03/19
Yazeed Shaheen
من قبل Yazeed Shaheen , customer service representative , Transmed

From my point of view, I would choose answer (B) where FIFO usually gives higher profitability,more than LIFO.

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