One Advantage of LIFO Over FIFO Under Normal Conditions Is

question 40

Multiple Choice

One advantage of LIFO over FIFO under normal conditions is that:

• A)it reports higher retained earnings.
• B)it results in higher cash flows.
• C)it results in higher current ratios.
• D)it results in higher gross margins.

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Definitions:

Associativity

The rule that defines the order in which operations of equal precedence are performed in an expression.

Precedence

The rules in programming languages that define the order in which operations are processed, such as the order of arithmetic operations.

Operators

Operators are symbols that instruct the compiler to perform specific mathematical, relational, or logical operations and produce a final result.

Binary Arithmetic

A fundamental area of computer science focusing on arithmetic operations, such as addition and multiplication, using binary numbers.