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LIFO or Not? The use of LIFO has been debated in the accounting world. Actually, the United States is one of the few places that

LIFO or Not? The use of LIFO has been debated in the accounting world. Actually, the United States is one of the few places that uses LIFO. Read this article about the LIFO inventory method http://smallbusiness.chron.com/pros-vs-cons-last-in-first-out-inventory-method-10648.html Should U.S. GAAP allow LIFO or not?

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