There are all kinds of book/tax differences in all kinds of areas. One of the areas is inventory. There’s funny tail wags the dog situation in…

There are all kinds of book/tax differences in all kinds of areas. One of the areas is inventory. There’s funny tail wags the dog situation in inventory. It has to do with the LIFO method of valuing inventory. Can you tell what that issue is and what it generally is known as?

"Is this qustion part of your assignmentt? We will write the assignment for you. click order now and get up to 40% Discount"