If a Company Uses LIFO for Tax Purposes,it Must Also

question 139

True/False

If a company uses LIFO for tax purposes,it must also use LIFO for financial reporting purposes.

---

Definitions:

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, resulting in a steady but slow rate of response in behaviorist psychology.

Fixed-Ratio

A schedule of reinforcement where a response is rewarded after a set number of responses.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses.

Fixed-Interval

In operant conditioning, a fixed-interval schedule is a reinforcement pattern where a response is rewarded only after a specified amount of time has elapsed, leading to a response pattern where actions are more frequent as the time for reward approaches.