问题如下:
During a period of rising unit inventory costs, a LIFO liquidation is least likely to lead to an increase in:
选项:
A. inventory quantities.
B. profit margins.
C. income taxes.
解释:
A is correct. When a LIFO firm's inventory quantities decline, a LIFO liquidation occurs and it may result in higher profit margins and higher income taxes.
这题没看懂,可否解释一下?LIFO liquidation代表什么?