Enabled: ACCT $1111$ Exam $2$ Chpt $5$ Through $8($i$)$

TB MC Qu$.05-77($Static$)$ The IRS rule that requires that when LIFO is used...

The IRS rule that requires that when LIFO is used for tax reporting, it must also be used for financial reporting is known as:

Multiple Choice

Consistency concept.

FIFO inventory valuation method.

Full disclosure principle.

Matching principle.

LIFO conformity rule.

$20$ of $30$

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