单项选择题

Which of the following statements about temporary and permanent differences in the analysis of income taxes is FALSE（）

A. An example of a permanent difference is tax-exempt interest revenue.
B. Permanent differences are differences in taxable and pretax income that are never reversed.
C. An example of a temporary difference is the proceeds from life insurance on key employees.

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单项选择题Determine the Cost of Goods Sold using the Weighted Average Method and also using the First in First Out (FIFO) Method. Weighted Average FIFO ①A. $ 4986.02 $ 4133.45 ②B. $ 5248.44 $ 4351. 00 ③C. $ 4351.00 $ 5248.44

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单项选择题Premier Corp. ’ s year-end last in, first out (LIFO) reserve was $ 2500000 in 2000 and $ 2300000 in 2001. Premier’ s $ 200000 decline in the LIFO reserve could be explained by each of the following EXCEPT:（）

A. declining inventory prices.
B. a LIFO liquidation occurred.
C. the LIFO reserve was being amortized.