An example of a slide-type error is writing:

The price/earnings ratio:

A) Is calculated by multiplying the market price of a stock by its earnings per share. B) Is found by dividing the market price of a stock by the firm's total earnings. C) Is computed by dividing the book value of a stock by the firm's EPS. D) Is calculated by adding the market price of a stock to the firm's EPS. E) Is found by dividing the market price of a stock by the firm's EPS.

The LIFO Reserve is the difference between the LIFO cost of inventory and what the cost of that inventory

would be under FIFO. Indicate whether the statement is true or false