
- UID
- 223371
- 帖子
- 191
- 主题
- 41
- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-6
|
when change from LIFO to FIFO, inventory increase by LIFO reserve, and no impact on liability. I think so the equity+R/E will increase by LIFO reserve.
why the increase is actually LIFO reservy * (1-tax)? Thanks. |
|