问题
单项选择题
Given the following inventory information about the Buckner Company: Year-end LIFO inventory of $ 6500. Year-end LIFO reserve of $ 2500. The current year’ s LIFO cost of goods sold is $15000. After tax income is $1600. The previous year’s LIFO reserve was $ 2000. What is the firm’ s after tax net income on a FIFO basis if the firm’ s tax rate is 40 percent
A．
| A. $ 2100. |
B．
| B. $1300. |
C．
| C. $1900. |
答案
参考答案：C
解析：FIFO net income = LIFO net income +change in LIFO res.) (1-t) = 1600 + [(2500 -2000) ×(1-0.4)] = $1900.