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.
On November 1, 2017, the Elie Wiesel Foundation for Humanity presented its inaugural Legacy Award to Oprah Winfrey at the Morgan Library in New York City. The award recognized Ms. Winfreyâs efforts to carry on the work and message of Elie Wiesel through her commitment to humanitarian service. CEO of LRN Dov Seidman was asked to speak about what Elie meant to the world and his legacy that lives on in the work of the Foundation and, in particular, the Elie Wiesel Foundation for Humanity Prize in Ethics. Dov Seidman and LRN have been partners to the Foundation in its Prize in Ethics for nearly a decade. The Elie Wiesel Foundation for Humanity Dov Seidmanâs remarks at the Elie Wiesel Legacy Award Gala November 1, 2017