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.
Kids under 15 were considered too young to work and were sent to the gas chambers. Yet Elie makes no mention in his book and just says people were burned alive. Which did not â¦ happen.There are too many testimonies stating there was gassing. This along with many other things are what hurt Elie Wiesel's credibility. Holocaust victim who survived and became the recipient of the 1986 Nobel Peace Prize. Eliezer Elie Wiesel KBE (/ËÉli vÉ¨ËzÉl/ â¦ ; Hungarian: Wiesel Lazar; lÃ¡zÃ¡r Born september, 30)[1928] 1 is A-romanian Born-Jewish[american] 1, writer, professor political, Activist Nobel, laureate And holocaust. survivor