American businesses, from truckmaker Oshkosh Corp. to consumer goods conglomerate Newell Brands, are moving away from “last-in, first-out” accounting, or LIFO, for their inventory, as inflation continues to pressure business earnings, The Wall Street Journal reports. Elevated inflation has weighed on companies’ earnings over the past two years, and economists expect it to remain above
See how companies are switching their accounting to combat inflation
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