ACC 205 WEEK 3 DQ 1 LIFO VS. FIFO(NEW)/Uoptutorial
LIFO vs. FIFO The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods? Guided Response: Analyze several of your peers’ postings. Let at least two of your peers know if a company is better off it switches from a LIFO method to a FIFO method? Why or why not?
LIFO vs. FIFO
The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?
Guided Response:
Analyze several of your peers’ postings. Let at least two of your peers know if a company is better off it switches from a LIFO method to a FIFO method? Why or why not?
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<strong>ACC</strong> <strong>205</strong> <strong>WEEK</strong> 3 <strong>DQ</strong> 1 <strong>LIFO</strong> <strong>VS</strong>. <strong>FIFO</strong>(<strong>NEW</strong>)<br />
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<strong>LIFO</strong> vs. <strong>FIFO</strong><br />
The controller of Sagehen Enterprises believes that the company should switch from the<br />
<strong>LIFO</strong> method to the <strong>FIFO</strong> method. The controller’s bonus is based on the next income.<br />
It is the controller’s belief that the switch in inventory methods would increase the net<br />
income of the company. What are the differences between the <strong>LIFO</strong> and <strong>FIFO</strong> methods?<br />
Guided Response:<br />
Analyze several of your peers’ postings. Let at least two of your peers know if a<br />
company is better off it switches from a <strong>LIFO</strong> method to a <strong>FIFO</strong> method? Why or why<br />
not?
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