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- UID
- 217027
- 帖子
- 19
- 主题
- 10
- 注册时间
- 2011-5-19
- 最后登录
- 2013-5-30
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Patch Grove Nursery uses the LIFO inventory accounting method. Maria Huff, president, wants to determine the financial statement impact of changing to the FIFO accounting method. Selected company information follows:- Year-end inventory: $22,000
- Change in LIFO reserve: $1,000
- LIFO cost of goods sold: $18,000
- After-tax income: $2,000
- Tax rate: 40%
Under FIFO, the nursery’s ending inventory and after-tax profit for the year would have been: | FIFO ending inventory | FIFO after-tax profit |
为什么选C |
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发表于 2011-11-26 12:06
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