Hi all,
I’m having the hardest time conceptually visualizing how a LIFO liquidation causes the LIFO reserve to decrease. Any help would be greatly appreciated. Thanks everyone!
Ahhh perfect! Thanks a bunch s2000. I think i was getting hung up on the term “LIFO Liquidation” when I should have realized that inventory is decreasing (regardless of the classification).
Thanks a bunch
JSigs wrote:Ahhh perfect! Thanks a bunch S2000.
My pleasure.
JSigs wrote:I think i was getting hung up on the term “LIFO Liquidation” when I should have realized that inventory is decreasing (regardless of the classification).
Many do. Glad to help you past that.
JSigs wrote:Thanks a bunch
You’re quite welcome.
发表于 2013-5-9 22:21
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