The LIFO ReserveThis tutorial introduces the concept of LIFO (Last In, First Out) reserve, and explains why there is discrepancy in financial statements between the uses of LIFO (Last In, First Out) and FIFO (First…
From Baruch DML
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5 plays
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FIFO & LIFOThis session introduces FIFO (First in, First out) and LIFO (Last In, First Out) inventory evaluations. Basic examples are examined to find out how these methods work, and the differences between two…
From Baruch DML
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4 plays
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