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I am writing a final exam on the differences between lifo and fifo regulations on GAAP reporting and tax basis reporting. I have found only
I am writing a final exam on the differences between lifo and fifo regulations on GAAP reporting and tax basis reporting. I have found only that LIFO has more restrictions such as conformity. FIFO is pretty much the same on both. I need my paper to be 4-6 pages long and I just can't find enough differences to discuss. My paper is 3 pages right now and there is nothing I can find to make it different. I need this ASAP.
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