NO.PZ2016012101000150
问题如下:
Compared to using the FIFO method to account for inventory, during periods of rising prices, a company using the LIFO method is most likely to report higher: (assume the companies use a periodic inventory system)
选项:
A.net income.
B.cost of sales.
C.income taxes.
解释:
B is correct.
The LIFO method increases cost of sales, thus reducing profits and the taxes thereon.
解析:目前是价格上升的市场。题目问相比FIFO,LIFO的哪个科目金额更大。
LIFO后进先出,最新采购的存货最先卖出,因此COGS体现的是最新的存货市场价格,LIFO下的COGS更高,选项B正确。
LIFO方法下,COGS更高,会导致税前收入更低,因此income tax更低,选项C错误。
COGS费用更高,则NI净利润更低,选项A错误。
老师您好,我可以理解A和C选项的错误之处。
但是B选项,在用LIFO计量下,不是说,对COGS的计量是恰到好处的,对INV的是偏低的么?