A选项

问题如下：

Compared with FIFO for both tax and financial statements, a firm reporting under LIFO during a period of falling prices most likely reports a higher:

选项：

A.

cash balance.

B.

COGS.

C.

inventory.

解释：

C

LIFO would result in lower COGS (higher gross profit) and higher ending inventory than FIFO when price is falling. Higher gross profit under LIFO would result in higher taxes payable, then reduce cash balance (as long they pay their taxes).

考点：存货核算方法比较

当价格下跌时，LIFO 将导致比 FIFO 更低的 COGS（更高的毛利润）和更高的期末库存。 LIFO 下更高的毛利润将导致更高的应付税款，然后减少现金余额（只要他们缴纳税款）。