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Title
The Positive Outlook of the Last in First out Inventory Methods.
Authors
Harris, Peter
Abstract
Until very recently, the Last in First out Method (LIFO) was under severe scrutiny from the financial community, and its repeal as an acceptable accounting method seemed imminent. However, an SEC Report issued in July 2012 has greatly renewed the lifeline of LIFO indefinitely. In the unlikely case of its ultimate repeal, the author presents some tax opportunities available in this transition period.
Publication
Proceedings of the Northeast Business & Economics Association, 2013, p93