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- UID
- 223355
- 帖子
- 249
- 主题
- 39
- 注册时间
- 2011-7-11
- 最后登录
- 2013-8-23
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the method given in the cirriculum is the change in equity equals to the aftertax rate of change in COGS. here, the answer seems to say that change in net income equals the LIFO reserve after tax. i am not sure which to use to calculate equity now. should I just remember as a fact now that LIFO reserve equals pretax income increase when converting LIFO to FIFO.
Am I reading the right Qbank? |
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发表于 2013-4-8 16:43
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