Understanding Last In, First Out (LIFO) and Your Balance Sheet

Understanding Last In, First Out (LIFO) and Your Balance Sheet  - http://www.waspbarcode.com Avatar Posted by BLASTlavon under Finance
From http://www.waspbarcode.com 2605 days ago
Made Hot by: tcamba on August 19, 2013 8:12 am
Time will tell whether LIFO will survive the convergence of American and international accounting standards. However, in the meantime, it’s important to understand this assumption in order to be better in tune with your businesses’ revenue.





Comments


Written by lyceum
2600 days ago

Have it become easier or harder to adjust the inventory with the LIFO method?



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Share your small business tips with the community!
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