2008 CFA Level 1 － Sample 样题(1)－Q34 black

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34、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
During a period of declining prices, a company using the LIFO inventory method instead of FIFO would most likely report:

A. lower current assets and lower gross income.

B. lower current assets and higher gross income.

C. higher current assets and lower gross income.

D. higher current assets and higher gross income.

      

[此贴子已经被作者于2008-11-7 16:03:39编辑过]

navy00

thank you

bestcarter

a

vancouverfrank

thanks guys

songxiao2981

a

xxjj564

 a

ken_wangyang

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lss_alexander

thx

chilvenlee

huifu

CFAcanada

 tx