CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

During a time of increasing inventory and rising prices, LIFO will result in higher ______ than FIFO.

A. inventory balance
B. taxes
C. COGS
D. net income
Correct Answer: C

User Contributed Comments 1

User Comment
guna In LIFO, latest rising prices will give higher costs -> lower tax
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