When when a firm uses that lifo method on a gaap financial statements because it wants to use the lifo method on its annual tax returns, such a

When when a firm uses that lifo method on a gaap financial statements because it wants to use the lifo method on its annual tax returns, such a procedure is an application of

A cost principle

B lifo Conformity rule

C materiality principle

D going concern principle

e none of the above

“Get 15% discount on your first 3 orders with us”
Use the following coupon
FIRST15

Order Now