试题与答案

During periods of decreasing prices, what

题型:单项选择题

题目:

During periods of decreasing prices, what type of inventory accounting method should a firm use to report higher net income The company should use:()

A. FIFO because during periods of decreasing prices, the COGS will be lower, resulting in a higher net income.  

B. FIFO because during periods of decreasing prices, the COGS will be higher, resulting in a higher net income. 

C. LIFO because during periods of decreasing prices, the COGS will be lower, resulting in a higher net income.

答案:

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参考答案:A, C, D, E

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