An analyst can most accurately identify a LIFO liq
An analyst can most accurately identify a LIFO liquidation by observing a(n):
A. increase in gross margin.
B. decrease in the LIFO reserve.
C. change in inventory out of line with change in sales.
参考解答
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2024-11-01 12:54:22
Ans:B.
The most appropriate way to identify a LIFO liquidation is by reviewing the inventory footnotes for a decrease in the LIFO reserve.
A and C are incorrect. Although a LIFO liquidation may result in an increase in gross margin or changes in inventory out of line with changes in sales, there are other factors that could explain those changes.
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