问题
单项选择题
The following information has been gathered about a firm: LIFO inventory = $10000 Beginning LIFO reserve = $ 2500 Ending LIFO reserve = $ 4000 LIFO Cost of goods sold = $15000 LIFO net income = $ 1500 Tax rate is 40% What is the FIFO net income
A．
| A. $ 2400. |
B．
| B. $ 4000. |
C．
| C. $ 2800. |
答案
参考答案：A
解析：FIFO net income = LIFO net income + (change in LIFO reserve) (1-t) = $1500+(4000 -2500)×(1-0.4) = $2400.