let’s assume: Rising price, company is growing, LIFO is R, Tax is T how should I adjust LIFO reserve? and what about other comprehensive income adjustment? ---------------------------- method A: inventory + R equity +R or method B: inventory + R deferred tax liabilities +RT equity +R(1-T) ---------------------------- Thanks
add it to inventory and equity
if they give you a tax rate - add it to equity + DTL, add it to assets. if not add to assets and to equity.