How would a change in LIFO/FIFO flow through the financial statements?
Hi Guys,
I was wondering if you could really break this problem in details for me for Lifo V. Fifo and their flow through the financial statements.
Thanks so much!
Hi Guys,
I was wondering if you could really break this problem in details for me for Lifo V. Fifo and their flow through the financial statements.
Thanks so much!
+138 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 62 | 8h | |
+58 | Ranking banks that went under | 35 | 1h | |
+54 | Intern Ettiquette | 14 | 1d | |
+52 | Would comitting to ATL İB be stupid? Please give feedback. | 27 | 1h | |
+46 | NEED NY RESTAURANT RECOMMENDATIONS | 26 | 2h | |
+42 | Relevance of A-Levels for U.K. London recruiting | 31 | 19h | |
+41 | Burnt Out M&A ASO | 23 | 13h | |
+31 | A shitter's comprehensive guide to sophomore year recruiting | 2 | 15h | |
+28 | 2024 new grads who didnt get return offers update | 14 | 3s | |
+27 | Investment Banking US League Table YTD 2024 (FactSet) | 22 | 26m |
Career Resources
Inventory methods affect your cost of goods sold and the assets on the balance sheet. If prices are increasing, under FIFO you're going to have a lower cost of goods sold than under LIFO, meaning higher gross margin, higher income taxes and likely higher net income. Assets on the balance sheet will be higher because you'd be keeping the higher cost items and assuming you sold the lower cost items. The opposite of all of that is true in a decreasing cost environment. This is like Acct 101 dude.
Aperiam et autem voluptatibus odio eius corporis est. Quasi molestiae nihil sequi quia dolorem quos. Soluta alias harum sint eveniet ab. Commodi ut tenetur dolores temporibus saepe vitae dolorem. Nesciunt aliquid aut dignissimos corrupti possimus eligendi illum hic. Maxime consectetur ut ipsum dicta. Explicabo aut non dolores officia eaque.
Doloremque consequatur soluta dolor quo sunt qui. Dolore quae sed illum distinctio excepturi possimus recusandae. Illo maiores iusto libero omnis adipisci enim. Totam voluptatibus et debitis. Quia est ea dolores tempore hic minus. Atque quia nihil voluptatem magnam impedit. Ex reprehenderit reiciendis repellat nihil ea labore. Ut voluptas qui rerum et.
Nobis neque deleniti doloremque. Quia alias amet eum et quaerat est aut ut. Culpa hic corrupti et alias qui quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...