Question: Why is the dollar-value LIFO method useful? a. Because it overcomes the problem of LIFO liquidations. b. Because base year dollars are difficult to obtain.

Why is the dollar-value LIFO method useful?

a. Because it overcomes the problem of LIFO liquidations.

b. Because base year dollars are difficult to obtain.

c. Because the traditional LIFO method is not permitted by GAAP.

d. Because of FIFO under costs ending inventory during inflationary times.

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