A disadvantage of LIFO is that it does not match more recent costs against current revenues as well as FIFO.

The Organization for Economic Cooperation and Development (OECD) is comprised of:

A) the 34 high-income countries. B) countries that believe in market-allocation economic systems. C) pluralistic democracies. D) countries that demonstrate progress toward economic reform. E) All of the above statements are applicable.

It is o.k. to include only the major headings and subheadings in the table of contents

Indicate whether the statement is true or false