ACCT 320

American InterContinental University ACCT320-Intermediate Accounting II Midterm Examination Review Student: ___________________________________________________________________________ 1. The primary reason for the popularity of LIFO is that it: A. Provides better matching of physical flow and cost flow. B. Saves income taxes currently. C. Simplifies recordkeeping. D. Provides a permanent reduction of income taxes. 2. The use of LIFO

28 Other / Other Other / ACCT 320 31 Jan 2014