微信扫一扫
实时资讯全掌握
|
Which of the following statements regarding inventory accounting methods is most accurate? In periods of: A. declining prices FIFO results in higher net income than LIFO. B. rising prices and stable unit purchases, using the LIFO method results in a lower current ratio than the FIFO method. C. rising prices and stable unit purchases, using the FIFO method results in higher inventory turnover than the LIFO method. |