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- UID
- 223276
- 帖子
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- 主题
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- 注册时间
- 2011-7-11
- 最后登录
- 2013-8-23
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LIFO - L = (L)ess,
I = (I)nventory, (I)ncome
F = (F)or
O (just remember that O stands for inflation somehow 
The point of this is to speeden up the process. Instead of thinking whether income and inventory are higher or lower for LIFO, just remember the above. ie. in an inflationary environment, using LIFO would cause ending inventory and net income to be lower than FIFO (due to higher COGS) |
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发表于 2011-7-11 19:59
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