问题
单项选择题
Which of the following statements about inventory accounting is least accurate（）
A. If a U. S. firm uses LIFO for tax reporting it must use LIFO for financial reporting.
B. During periods of rising prices, FIFO based current ratios will be smaller than LIFO based current ratios.
C. U.S. GAAP rules require the use lower of cost or market when reporting inventories.
答案
参考答案：B
解析：
During periods of rising prices, FIFO based current ratios will be larger than LIFO based current ratios because the more expensive units (last purchases) are assigned to ending inventory, resulting in greater current assets.