A firm seeking to lower current tax liability may elect to use which method of inventory valuation during an inflationary period? A) FIFO. B) Average cost. C) LIFO. I feel like emailing schweser and asking wtf this question is doing in the L2 version.
Hey, it’s all fair game, right??
I don’t foresee the CFAI playing Santa this June.
It could fit in somehow in the synthesis chapter. Plus, some would say the quant section last year had some level 1-ish material in it, though I wouldn’t know since the only area I’m worse at than quant is derivatives…
Quant is not so bad after you spend a day on the Qbank or pass pro. Then it moves comfortably. Oh, yes derivates. That is a different story. I get 80s in SS 16 but 17. Hardly 50.