单选题 Given the following inventory information about the Buckner Company: Year-end LIFO inventory of $ 6500. Year-end LIFO reserve of $ 2500. The current year' s LIFO cost of goods sold is $15000. After tax income is $1600. The previous year's LIFO reserve was $ 2000. What is the firm' s after tax net income on a FIFO basis if the firm' s tax rate is 40 percent?

A、

A. $ 2100.
B、

B. $1300.
C、

C. $1900.

【正确答案】 C

【答案解析】FIFO net income = LIFO net income +change in LIFO res.) (1-t) = 1600 + [(2500 -2000) ×(1-0.4)] = $1900.