Business

/

ArcaMax

What does "LIFO" stand for?

on

Published in Business Trivia

Law In For Offers
Lease In For Offers
Last In First Out
Lien In Fact Of

Last In First Out. Since the 1970's, U.S. companies have tended to use "LIFO" which reduces their income taxes in times of inflation.

 

 

Comments

blog comments powered by Disqus

 

Related Channels

Bob Goldman

Bob Goldman

By Bob Goldman
Jill On Money

Jill On Money

By Jill Schlesinger
Message for Daily Living

Message for Daily Living

By Zig Ziglar
Succeeding in Your Business

Succeeding in Your Business

By Cliff Ennico
Terry Savage

Terry Savage

By Terry Savage

Comics

Adam Zyglis Bart van Leeuwen Scary Gary Dick Wright For Heaven's Sake Kevin Siers