MCQs > Finance & Management > Accounting Principles > Which of the following courses of action should a firm take in order to minimize the present value of income tax payments?

Accounting Principles MCQs

Which of the following courses of action should a firm take in order to minimize the present value of income tax payments?

Answer

Correct Answer: Use the LIFO inventory method instead of FIFO durating periods of rising prices

Explanation:

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