问题
单项选择题
Which of the following inventory accounting methods must be used for financial reporting purposes if a U. S. firm uses last in, first out (LIFO) for tax purposes
A．
| A. FIFO. |
B．
| B. Average cost. |
C．
| C. LIFO. |
答案
参考答案：C
解析：If a U. S. firm uses LIFO for tax purposes, it must also use LIFO for financial reporting purposes, according to U. S. tax law.