A U.S. company uses the LIFO method to value its inventory for their income tax return. For its financial statements prepared for shareholders, the company may: A. use any other inventory method under generally accepted accounting principles (GAAP). B. only use the LIFO method. C. use the FIFO method, but must disclose a LIFO reserve.
A U.S. company uses the LIFO method to value its inventory for their income tax return. For its financial statements prepared for shareholders, the company may:
A、 use any other inventory method under generally accepted accounting principles (GAAP).
B、 only use the LIFO method.
C、 use the FIFO method, but must disclose a LIFO reserve.
发布时间:2025-07-22 05:05:10