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胖婷肥周 · 2022年09月08日

老师烦请用中文解读一下这道题?

NO.PZ2019120301000189

问题如下:

Question
  • Inventories are stated at the lower of cost or market, with cost determined using the last-in, first-out (LIFO) method.

  • No LIFO liquidation occurred from 2012 to 2014.

The statement concerning LIFO liquidations most likely means that for the stated period:

In the notes to a company’s financial statements, the note dealing with inventory indicates the following:

选项:

A.units manufactured (or purchased) equaled or exceeded unit sales for each year. B.no inventory write-downs occurred in any of the three years. C.costs and prices must have been rising throughout.

解释:

Solution

A is correct. LIFO liquidation arises when the number of units sold exceeds the number of units purchased or manufactured, so a portion of the older inventory is thus sold off or liquidated. Therefore, the statement means that units manufactured (or purchased) equaled or exceeded unit sales for each year.

B is incorrect. The note states that “Inventories are stated at the lower of cost or market,” so write-downs may have taken place. LIFO liquidations are different than write-downs.

C is incorrect. Costs and prices need not have risen over the stated period, but units sold must not have exceeded units purchased or manufactured.

老师烦请用中文解读一下这道题?

1 个答案

王园圆_品职助教 · 2022年09月09日

嗨,从没放弃的小努力你好:


同学你好,本题的题干那些数字说法,只是描述了一个最正常的使用LIFO的企业应该有的财务报表的样子,所以可以不多做考虑,其实最重要的是题干中”The statement concerning LIFO liquidations “这句话——意思是在这样一张表现正常的LIFO报表中,我们如何通过附注的一些表述确定企业可能存在LIFO liquidation的问题

A选项说,附注中说明今年生产的产品超过了卖出的产品——这是符合LIFO liquidation的定义的,所以A对

B选项说在2012到2014年之间,没有存货减值发生——根据题干的信息根本没有办法判断是否存在存货减值的事项,而且存货减值和LIFO liquidation无关,所以B错

C选项说存货的成本和售价在这三年一定是上升的——通过三年的LIFO reserve确实可以得出该结论,但是这和LIFO liquidation毫无关系,C选项也错误

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