Better Matches Current Cost With Revenues at andrewdyoungo blog

Better Matches Current Cost With Revenues. lifo better matches current revenues with current costs.the larger the cost of goods sold, the smaller the net income.

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When prices are rising, a. businesses that sell products that rise in price every year benefit from using lifo. lifo matches current costs of inventory against current revenue, resulting in a higher cogs and lower taxable.

Solved Question 16 1 pts The has enabled workers

Better Matches Current Cost With Revenues When prices are rising, a. When prices are rising, a. businesses that sell products that rise in price every year benefit from using lifo. fifo tends to reflect current market prices better.