During periods of rising prices, which of the following statements is correct
A: LIFO COGS ＞ weighted average COGS ＞ FIFO COGS
B: LIFO COGS = weighted average COGS = FIFO COGS
C: LIFO COGS ＜ weighted average COGS ＜ FIFO COGS
A: LIFO COGS ＞ weighted average COGS ＞ FIFO COGS
B: LIFO COGS = weighted average COGS = FIFO COGS
C: LIFO COGS ＜ weighted average COGS ＜ FIFO COGS
举一反三
- Which of the following statements is least accurate（） A: In a period of rising prices, LIFO gives the best COGS, whereas FIFO gives the best inventory balance on the balance sheet. B: In a period of stable prices, LIFO and FIFO will produce similar account balances. C: In a period of rising prices, FIFO gives the best COGS, whereas LIFO gives the best inventory balance on the balance sheet.
- Acompany’sdaysofsalesoutstanding(DSO)decreased,whileitscostofgoodssold(COGS)relativetosalesandreceivableremainunchanged.Thecompany’sgrossprofitwill: A: Decline. B: Increase. C: Remainunchanged.
- Which of the following statements about inventory accounting is least accurate（） A: If a U. S. firm uses LIFO for tax reporting it must use LIFO for financial reporting. B: During periods of rising prices, FIFO based current ratios will be smaller than LIFO based current ratios. C: U.S. GAAP rules require the use lower of cost or market when reporting inventories.
- 栈和队列是一种操作受限的线性表,其栈和队列的操作特点是()。 A: LIFOFIFO B: FIFO LIFO C: FIFO FIFO D: LIFO LIFO
- Which ONE of the following statements is correct? A: EPS= (Net income - Preferred dividends) / weighted average number of common shares outstanding B: EPS= Net income / weighted average number of common shares outstanding C: EPS= (Net income - Preferred dividends) / ending number of common shares D: EPS= (Net income - common dividends) / weighted average number of preferred shares outstanding