The LIFO inventory reserve is a measure disclosed in a companys footnotes and reveals the difference between
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The LIFO inventory reserve is a measure disclosed in a company’s footnotes and reveals the difference between the current value of a company’s ending inventory and the LIFO value of its ending inventory. Discuss why and how this measure is useful to shareholders and investment professionals as they evaluate the financial condition and performance of a company that uses LIFO inventory valuation.
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Related Book For 
Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
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