Assuming flat year-over-year sales in a declining price environment under U.S.GAAP, a firm might expect cash flow from operations (CFO) and working capital (WC) under the LIFO (rather than FIFO) inventory method to be: A.Lower for both CFO and WC. B.Lower for CFO and higher for WC. C.Higher for CFO and lower for WC.
A.S.GAAP, B.Lower C. B.Lower D. C.Higher
【参考答案】
Ans:B. Under U.S.GAAP, in a declining price environment,......