If you wish to compute economic earnings and are trying to decide how to account for inventory,
A)FIFO is better than LIFO.
B)LIFO is better than FIFO.
C)FIFO and LIFO are equally good.
D)FIFO and LIFO are equally bad.

Name: If you wish to compute economic earnings and are trying to decide how to account for inventory, A)FIFO is better than LIFO. B)LIFO is better than FIFO. C)FIFO and LIFO are equally good. D)FIFO and LIFO are equally bad.
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Question

Quizplus · Accepted Answer

The Answer is B

If You Wish to Compute Economic Earnings and Are Trying