A company uses a LIFO reserve because internal reporting
A) and GAAP reporting are not the same as tax reporting
B) and GAAP reporting are the same as tax reporting
C) is the same as GAAP reporting and tax reporting
D) is not the same as GAAP reporting and tax reporting

Question

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The Answer of A company uses a LIFO reserve because internal reporting
A) and GAAP reporting are not the same as tax reporting
B) and GAAP reporting are the same as tax reporting
C) is the same as GAAP reporting and tax reporting
D) is not the same as GAAP reporting and tax reporting

A Company Uses a LIFO Reserve Because Internal Reporting