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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Lompoc Record
Location
Lompoc, California, United States of America
Date
Nov 01, 1973
Page
5
A feature explains LIFO last in first out as a earnings tactic for sellers to reduce reported profits in rising prices. It shows how inventory costing can shift taxable income, outlines FIFO versus LIFO, and argues for consumer rights to choose methods. The piece cites a major accounting firm and illustrates with a widget example. It ends with notes on antique shows and manager influence.
The manager, 28 years in the business, emphasizes respect for the antique trade and high standards for dealers. He criticizes unethical promoters and says World Wide shows are clean with few reproductions. NADA association boosts credibility. dealers value careful promoter selection and loyalty.
Oswald and James Jacoby discuss true and automatic falsecarding in bridge. The South hand shows West opening jack of hearts, East playing deuce, automatic falsecarder winning with ace, nonfalsecarder with queen, and the artful king two thirds of the time.
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