Ethical Issues May Arise When Management Dips into LIFO Layers

Multiple Choice

Ethical issues may arise when management dips into LIFO layers

A) when some LIFO liquidations are unavoidable due to shortages of raw materials.
B) due to improved inventory control systems that reduce the amount of inventory needed.
C) in order to manage earnings in a particular year rather than replenish inventories.
D) all of the above.
E) none of the above.