The LIFO reserve: Multiple choice question. may be reported as a cost of goods sold adjustment in the income statement. must be reported as a diluted earnings per share adjustment in the income statement. may be disclosed in the notes to the financial statements. must be reported as an inventory adjustment in the balance sheet.

Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of: