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- 2013-9-25
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Heh. I’m the same way. But I think it’s necessary to memorize certain things for the purpose of this exam.
The intuitive explanation is that COGS and inventory balance have an inverse relation. In increase in LIFO reserve means rising prices, so FIFO inventory is adjusted by more. For the same reason, the increase in LIFO reserve is subtracted from COGS. |
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发表于 2013-4-17 17:51
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