简介:cancelingtheLIFO.Thispaperstudiesthechoicesofcompaniesoninventoriesbasedon2005annualfinancialdataofcompaniesinstockmarketinChina,inventoryaccountingmethods,thereasonswhytheLIFOiscanceledandtheeffectontheeconomicsandsecuritiesmarkets.Thefindingssuggestthatit’snecessarytocanceltheLIFO.Whenthecompaniesselectthemethodsagain