问题
单项选择题
Premier Corp. ’ s year-end last in, first out (LIFO) reserve was $ 2500000 in 2000 and $ 2300000 in 2001. Premier’ s $ 200000 decline in the LIFO reserve could be explained by each of the following EXCEPT:（）
A. declining inventory prices.
B. a LIFO liquidation occurred.
C. the LIFO reserve was being amortized.
答案
参考答案：C
解析：
A decline in the LIFO reserve occurs when the increasing prices that created the reserve begin declining or when the inventory is liquidated ( i. e. less units in inventory at the end of the year than at the beginning). LIFO reserves are not amortized.