Top Posters
Since Sunday
T
3
s
3
o
3
G
3
k
3
C
3
a
3
K
3
f
3
j
3
b
3
c
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Fast2F Fast2F
wrote...
Go to Answer
Posts: 1470
Rep: 1 0
7 years ago
One disadvantage of the LIFO method is that:
A) flow of goods and flow of costs are the same.
B) it matches current selling prices and current costs.
C) an equal cost is assigned to each unit, so net income does not fluctuate as much as with other methods.
D) ending inventory is valued at very old costs.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
Read 80 times
3 Replies
Replies
Answer verified by a subject expert
AugustisAugustis
wrote...
#1
Top Poster
Posts: 994
Rep: 15 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Fast2F Author
wrote...
#2
7 years ago
I wish I would have known about this service with my other classes.
wrote...
#3
5 years ago
Happy to help Slight Smile
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1143 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 351
  
 293
  
 3458
Your Opinion
Previous poll results: Should Ph.D.'s be addressed as doctors?