CFA Level 1 Exam

3959 Questions

You can start the exam to practice all questions related to this exam.

Question No. 1

A firm using LIFO accounting has a LIFO reserve of 600, with a LIFO ending inventory of 4,900. It is currently in the 40% tax bracket. If it switches to FIFO accounting, it's equity ________.

Choose the correct option from the given list.
01 / 3959

0 Discussions

Trending Exams