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Maybe, although I want to say no because it seems like I remember reading somewhere that going from FIFO to LIFO isn't as easy and straight forward as that. Plus, if you use FIFO you wouldn't report a LIFO reserve, so it's not a calculation that you would make that easily from the statements.
Edited 1 time(s). Last edit at Friday, June 5, 2009 at 06:47PM by DTM86. |
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