The use of LIFO under a perpetual inventory system （）:

ult in a greater amount of net income than would result from the use of the FIFO method.()

t also use LIFO for financial accounting purposes.()

此题为判断题(对，错)。

eporting Standards are least likely to:

A. use LIFO inventory accounting.

B. use proportionate consolidation for a joint venture.

C. recognize unrealized losses from held-for-trading securities in net income.

ene’s industry use FIFO. Which of the following best describe one of the adjustments that would be made to Greene’s financial statements to compare that company with other companies in the industry？ To adjust Greene’s inventory to the FIFO method, the amount reported for Greene’s ending inventory should be:

A. increase by the ending balance in Greene’s LIFO reserve.

B. decrease by the ending balance in Greene’s LIFO reserve.

C. increase by the change in Greene’s LIFO reserve for that period.

industry use FIFO. Which of the following best describes one of the adjustments that would be made to the company’s financial statements to compare it with other companies in the industry？ The amount reported for the company’s ending inventory should be:

A. increased by the ending balance in its LIFO reserve.

B. decreased by the ending balance in its LIFO reserve.

C. increased by the change in its LIFO reserve for that period.

A pilot vessel on pilotage duty shall show identity lights ______.

A.at any time while underway

B.while at anchor

C.while alongside a vessel

D.All of the above

You must speak slowly, so that you can make yourself ________.

A：understood

B：being understood

C：understanding