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Lifo Fifo
what is the difference beyween lifo and fifo
FIFO First in first out LIFO Last in last out
FIFO (first in first out) is a method of account for inventory. With FIFO, if inventory costs are increasing your cost of goods sold will be lower than under the LIFO (last in first out) method. If inventory costs are increasing, FIFO will result in higher net income (lower COGS) than LIFO. If inventory costs are decreasing, FIFO will result in lower net income (higher COGS) than LIFO.
Allowed if it improves the usefulness of information in the financial statements
Lifo Fifo
fifo
FIFO
what is the difference beyween lifo and fifo
FIFO First in first out LIFO Last in last out
FIFO motherfoocker
LIFO and stack are synonyms, so are FIFO and queue.
yes
FIFO (first in first out) is a method of account for inventory. With FIFO, if inventory costs are increasing your cost of goods sold will be lower than under the LIFO (last in first out) method. If inventory costs are increasing, FIFO will result in higher net income (lower COGS) than LIFO. If inventory costs are decreasing, FIFO will result in lower net income (higher COGS) than LIFO.
Allowed if it improves the usefulness of information in the financial statements
fifo
A FIFO, or First In First Out is a queue.A stack is a LIFO or Last In First Out.