Assuming flat year-over-year sales in a declining price environment under U.S.GAAP, a

firm might expect cash flow from operations (CFO) and working capital (WC) under the LIFO (rather than FIFO) inventory method to be:

A.Lower for both CFO and WC.

B.Lower for CFO and higher for WC.

C.Higher for CFO and lower for WC.

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更多“Assuming flat year-over-year s…”相关的问题

第1题

A company currently uses LIFO inventory valuation under U.S.GAAP.The company reported an increase in the LIFO reserve for the year.If the company used FIFO rather than LIFO:

A.COGS is lower and net income is lower.

B.CFGO is lower and net income is higher.

C.COGS is higher and net income is lower.

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第2题

Is the reversal of an inventory write-down permitted under U.S.GAAP (generally accepted accounting principles) and International Financial Reporting Standards (IFRS)?

A.No, under both

B.Yes, under both

C.Yes under IFRS but not under U.S.GAAP

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第3题

A company, which prepares its financial statements in accordance with IFRS is in the process of developing a more efficient production process for one of its primary products.The most appropriate accounting treatment for those costs incurred in the project is to:

A.expense them as incurred.

B.capitalize costs directly related to the development.

C.expense costs until technical feasibility has been established.

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第4题

In a period of rising prices, when compared to a company that uses weighted average cost for inventory, a company using FIFO will most likely report higher values for its:

A.return on sales.

B.debt-to-equity ratio.

C.inventory turnover.

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