|
- UID
- 223219
- 帖子
- 149
- 主题
- 135
- 注册时间
- 2011-7-11
- 最后登录
- 2013-9-29
|
Declining prices (negative LIFO reserve) would result in FIFO inventory being less than LIFO inventory based on the following equation:
FIFO inventory = LIFO inventory + LIFO reserve
The balance sheet adjustment would decrease assets (inventory) by the $20 LIFO reserve. In addition, the analyst would decrease liabilities by $7 ($20 LIFO reserve |
|
发表于 2011-7-13 15:29
|