article_search

Search Articles:

Product Finder

Search for products that match of these criteria:

 + Add row
Price:

FIFO vs. LIFO – A worthy comparison

$225.00

SKU: TREjj112. Category: .

Description

Abstract: One way companies that produce, buy or sell merchandise can potentially reduce their taxable income is by switching from the first-in, first-out (FIFO) inventory method to the last-in, first-out (LIFO) approach. But an accounting method switch could affect something beside their tax bill — namely, their financial statements. So it’s not an endeavor to take lightly. Nonetheless, this article shows why comparing FIFO to LIFO every so often is worthwhile.

Additional information

Year

Niche

Newsletter

Issue

Word Count