Question
LIFO is not allowed under IFRS. Compare the effects of LIFO vs FIFO on -Profit margins. (assume inflation) -inventory turnover What effect does revaluation have
LIFO is not allowed under IFRS.
Compare the effects of LIFO vs FIFO on
-Profit margins. (assume inflation)
-inventory turnover
What effect does revaluation have on future earnings?
-Return on assets? -Debt ratios?
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
