The LIFO conformity rule requires that if a company uses LIFO for tax purposes, it must also use LIFO for financial accounting purposes.

a. true
b. false

Answer: a. true

Business

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Which of the following is NOT one of the prominent trends which Canadian managers will need to assess in order to plan appropriately for their business operations?

A. Currency Exchange Rate Impact B. Sustainability and Green Initiatives C. Energy Prices D. Geographic Clustering E. Small Business Emphasis

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Under the ________ and state laws enacted to implement the unemployment compensation program, employers are required to pay unemployment contributions

A) Fair Labor Standards Act B) Family and Medical Leave Act C) Federal Unemployment Tax Act D) Federal Insurance Contributions Act

Business