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.
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发表于 2007-11-7 09:50
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