[CFA level 1模拟真题]Version 1 Questions－Q29 face, required, reserve, change, likely

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Q29. An adjustment to operating income for the effects of a change in LIFO reserves will most likely be required if the change in the LIFO reserve is the result of:

A. price declines.

B. Price increases.

C. A decrease in the number of units held in inventory.

D. An increase in the number of units held in inventory.

 

答案和详解如下：

Q29.   C    Study 5ession9-40.c

A liquidation of LIFO inventory produces unsustainable profit margins because old costs are being matched with current revenues.

technet

c

fantasy_ln

see

47dx

see

vivian1022

c

ondesert

c

ella_li

C

雍和宫

[em02]

Linda_SCB

c

oftendie

xx