Assume that in January 20X7, Fancy Corp. announced a $1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semiannually. Assume the bonds have been assigned credit ratings of BBB (stable outlook) by Standard and Poors, Baa2 (stable outlook) by Moodys, and BBB (stable outlook) by Fitch. Which of the following is not true?

Moving to another question will save this response >> Question 7 2 points Save Answer Assume that Arthur Co uses the LIFO inventory costing method for both tax and financial reporting purposes. The balance sheet reports inventories at $297 million. Then, in its footnotes the company reports that inventories would have been $327 million had the company used the FIFO method. The difference between these two numbers ($30 million) is referred to its O A LIFO reserve OB LIFO conformity rule CIF holding in Type here to search 2 PM 446 12/2019