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NATSO Urges Congress to Maintain LIFO as Acceptable Accounting Method

April 8, 2016

NATSO Urges Congress to Maintain LIFO as Acceptable Accounting Method

NATSO urged members of the House Ways and Means Committee to recognize the severe economic consequences that could result from repealing or modifying the last-in, first-out (LIFO) accounting method and maintain it as an acceptable inventory accounting method.