A Disadvantage of the LIFO Method Is That

question 51

Multiple Choice

A disadvantage of the LIFO method is that:

• A) it doesn't match physical flow of goods.
• B) ending inventory is valued at very old costs.
• C) it matches current selling prices and current costs.
• D) Both A and B are correct.

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Definitions:

Angle Strain

A form of strain in a cyclic molecule when bond angles deviate from their ideal values, leading to extra energy stored in the compound.

Heats of Combustion

The amount of heat released when a compound undergoes complete combustion with oxygen under standard conditions.

Cyclic Alkane

A saturated hydrocarbon in which the carbon atoms are arranged in a ring, with the formula CnH2n.

Energy Conformation

The potential energy associated with the spatial arrangement of atoms within molecules, influencing molecule stability and reaction pathways.