A company uses LIFO and had a 2006 LIFO re
问题:
A company uses LIFO and had a 2006 LIFO reserve of $ 90000 and a 2005 LIFO reserve of $ 85000. The company' s marginal tax rate is 28% and cost of goods sold is $100000 for 2006. The change in 2006 net income if FIFO inventory costing had been used is:
A.
A. - $ 3600. |
B.
B. - $1200. |
C.
C. $ 3600. |