FIFO stands for first-in, first-out, meaning that the oldest inventory items are recorded as sold first. LIFO stands for last-in, first-out, meaning that the most recently purchased items are recorded as sold first.Since the 1970s, U.S. companies have tended to use LIFO, which reduces their income taxes in times of inflation http://en.wikipedia.org/wiki/FIFO_and_LI...Source(s): Piggiepants Â· 6 years ago.ating Newest Oldest. Best Answer: FIFO and LIFO accounting Methods are means of managing inventory and financial matters involving the money a company ties up within inventory of produced goods, raw materials, parts, components, or feed stocks.
Elie Wiesel: Holocaust survivor and winner of the Nobel Peace Prize dies aged 87. The 87-year-old academic and writer died in Connecticut in the United States. Elie Wiesel, a Holocaust survivor and winner of the Nobel Peace Prize who wrote about his experiences as a prisoner in three concentration camps, has died at the age of 87. The American Romanian-born Jewish writer, academic and political activist, died on Saturday in Connecticut.
Niemoeller niemÃ¶ller was arrested on 1 july 1937 and brought to A Special court on 2 march 1938 to be tried for activities against The. State he was 2,000 2000 reichmarks and received a prison term of seven. monthsiemoeller niemÃ¶ller also took active part in protests against The Vietnam war and THE Nato-Double Track. Decision in, 1961 he became president of The World council Of. Churches he was awarded The Lenin Peace prize in. 1966 niemoeller niemÃ¶ller Died, At Wiesbaden west germany On 6, march 1984 at the age. of 92