Reporting which one of the following allows analysts to make adjustments to compare companies using different cost flow methods?
A)FIFO reserve
B)Inventory turnover
C)LIFO reserve
D)Current replacement cost

Question

Quizplus · Accepted Answer

The LIFO reserve is the difference between the inventory reported using LIFO and FIFO. It allows analysts to adjust financial statements to compare companies using different inventory cost flow methods.

Reporting Which One of the Following Allows Analysts to Make