What is the lifo reserve, What is the LIFO reserve, and why would an analyst be careful, Cost Accounting

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What is the lifo reserve

Response to the following questions:

1. What is the LIFO reserve, and why would an analyst be careful in interpreting the earnings of a company that has liquidated some of its LIFO reserve?

2. Under what section should accounts receivable be reported on the balance sheet?

If possible, please give examples to better understand your answers.

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Cost Accounting: What is the lifo reserve

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Cost Accounting: What is the lifo reserve

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