{"id":46973,"date":"2023-09-28T06:15:43","date_gmt":"2023-09-28T06:15:43","guid":{"rendered":"https:\/\/analystprep.com\/cfa-level-1-exam\/?p=46973"},"modified":"2026-01-09T18:14:03","modified_gmt":"2026-01-09T18:14:03","slug":"inflation-and-deflation-of-inventory-costs","status":"publish","type":"post","link":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/","title":{"rendered":"Inflation and Deflation of Inventory Costs"},"content":{"rendered":"\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"QAPage\",\n  \"mainEntity\": {\n    \"@type\": \"Question\",\n    \"name\": \"Inventory accounting under FIFO and LIFO during rising or falling costs\",\n    \"text\": \"Which of the following statements is most likely accurate?\\n\\nA. When unit costs increase and quantities remain constant or increase, LIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet.\\n\\nB. When unit costs increase and quantities remain constant or increase, FIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet.\\n\\nC. When unit costs decrease and quantities remain constant or increase, FIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet.\",\n    \"answerCount\": 1,\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"The correct answer is B.\\n\\nWhen inventory unit costs rise and inventory quantities remain constant or increase, FIFO assigns older, lower-cost inventory to cost of sales. This results in a lower cost of sales on the income statement and a higher ending inventory value on the balance sheet.\\n\\nOption A is incorrect because it incorrectly attributes FIFO behavior to LIFO. Option C is incorrect because when prices decline, FIFO results in higher cost of sales and lower ending inventory, not the reverse.\"\n    }\n  }\n}\n<\/script>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"QAPage\",\n  \"mainEntity\": {\n    \"@type\": \"Question\",\n    \"name\": \"Inventory accounting method during a deflationary period\",\n    \"text\": \"For a company to increase its assets during a deflationary period, it needs to follow which inventory accounting method?\\n\\nA. FIFO method.\\n\\nB. LIFO method.\\n\\nC. Average cost of inventory method.\",\n    \"answerCount\": 1,\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"The correct answer is B.\\n\\nUsing the LIFO method during a deflationary period assigns the most recently purchased inventory, which has the lowest cost, to cost of goods sold. This leaves older, higher-cost inventory in ending inventory, increasing the value of inventory reported on the balance sheet and therefore increasing total assets.\"\n    }\n  }\n}\n<\/script>\n\n\n\n\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/ldZdnR2hXXA?si=kiAk-lGCSZ2WnNAh\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n\n\n\n<p>Rising inventory costs (inflation) or declining inventory costs (deflation) can significantly impact a company&#8217;s financial statements, depending on the inventory valuation method used. Differences in the selected valuation method can affect companies&#8217; comparability when doing financial ratio analysis.<\/p>\n\n\n\n<div style=\"margin: 0 0 20px 0;\">\n  <a\n    href=\"https:\/\/analystprep.com\/free-trial\/\"\n    target=\"_blank\"\n    rel=\"noopener noreferrer\"\n    style=\"\n      display: inline-block;\n      border: 2px solid #1e63ff;\n      color: #1e63ff;\n      background: #ffffff;\n      padding: 10px 14px;\n      border-radius: 10px;\n      font-weight: 500;\n      line-height: 1.35;\n      text-decoration: none;\n    \"\n  >\n    Want to practice how inflation and deflation affect inventory costs under FIFO and LIFO for CFA Level I? Try AnalystPrep\u2019s free trial now.\n  <\/a>\n<\/div>\n\n\n\n<h2>FIFO Method<\/h2>\n<ul>\n<li><strong>Inflation:<\/strong> When inventory unit costs rise and inventory quantities remain constant or increase, FIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet. Therefore, a company&#8217;s gross profit, operating profit, and income before taxes will be higher.<\/li>\n<li><strong>Deflation:<\/strong> When inventory unit costs decline and inventory quantities remain constant or increase, FIFO allocates a higher amount of the total cost of goods available for sale to the cost of sales on the income statement and a lower amount to ending inventory on the balance sheet. Therefore, a company&#8217;s gross profit, operating profit, and income before taxes will be lower.<\/li>\n<\/ul>\n<p>Generally, ending inventory amount under FIFO will more closely reflect current replacement values because inventories are assumed to consist of the most recently purchased items.<\/p>\n<h2>LIFO Method<\/h2>\n<ul>\n<li><strong>Inflation:<\/strong> When inventory unit costs rise, LIFO allocates a higher amount of the total cost of goods available for sale to the cost of sales on the income statement and a lower amount to ending inventory on the balance sheet. Therefore, a company&#8217;s gross profit, operating profit, and income before taxes will be lower.<\/li>\n<li><strong>Deflation:<\/strong> When inventory unit costs decline, LIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet. Therefore, a company&#8217;s gross profit, operating profit, and income before taxes will be higher.<\/li>\n<\/ul>\n<p>The cost of sales under LIFO will more closely reflect current replacement values. However, the LIFO ending inventory amounts normally do not reflect the current replacement value because the ending inventory is assumed to be the oldest inventory, and costs are allocated accordingly.<\/p>\n<blockquote>\n<h2>Question 1<\/h2>\n<p>Which of the following statements is\u00a0<em>most likely<\/em>\u00a0accurate?<\/p>\n<ol type=\"A\">\n<li>When unit costs increase and quantities remain constant or increase, LIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet.<\/li>\n<li>When unit costs increase and quantities remain constant or increase, FIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet.<\/li>\n<li>When unit costs decrease and quantities remain constant or increase, FIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet.<\/li>\n<\/ol>\n<p><strong>Solution<\/strong><\/p>\n<p>The correct answer is<strong> B.<\/strong><\/p>\n<p>Whenever inventory unit costs rise and inventory quantities remain constant or increase, FIFO allocates a lower amount of the total cost of goods available for sale to the cost of sales on the income statement and a higher amount to ending inventory on the balance sheet.<\/p>\n<p><strong>A is incorrect<\/strong> because it describes FIFO and not LIFO.<\/p>\n<p><strong>C is incorrect<\/strong> because under those circumstances (declining prices), FIFO allocates a higher amount of the total cost of goods available for sale to the cost of sales on the income statement and a lower amount to ending inventory on the balance sheet and not the reverse as indicated.<\/p>\n<h2>Question 2<\/h2>\n<p>For a company to increase its assets during a deflationary period, it needs to follow the:<\/p>\n<ol type=\"A\">\n<li>FIFO method.<\/li>\n<li>LIFO method.<\/li>\n<li>Average cost of inventory method.<\/li>\n<\/ol>\n<p><strong>Solution<\/strong><\/p>\n<p>The correct answer is<strong> B.<\/strong><\/p>\n<p>Using LIFO during a deflationary period would make a company add the most recently purchased inventory (the least expensive), which would leave the oldest inventory (the most expensive) to be added to the ending inventory. Hence, the increased value of inventory would lead to increased assets.<\/p>\n<\/blockquote>\n\n\n<div style=\"text-align: center; margin: 32px 0;\">\n  <a\n    href=\"https:\/\/analystprep.com\/free-trial\/\"\n    target=\"_blank\"\n    rel=\"noopener noreferrer\"\n    style=\"\n      display: inline-block;\n      background-color: #1e63ff;\n      color: #ffffff;\n      padding: 12px 26px;\n      border-radius: 12px;\n      font-weight: 600;\n      font-size: 16px;\n      text-decoration: none;\n    \"\n  >\n    Start Free Trial \u2192\n  <\/a>\n\n  <div style=\"margin-top: 10px; font-size: 14px; color: #374151;\">\n    Practice inventory accounting questions on FIFO, LIFO, COGS, and financial statement effects with CFA Level I style solutions.\n  <\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Rising inventory costs (inflation) or declining inventory costs (deflation) can significantly impact a company&#8217;s financial statements, depending on the inventory valuation method used. Differences in the selected valuation method can affect companies&#8217; comparability when doing financial ratio analysis. Want to&#8230;<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-46973","post","type-post","status-publish","format-standard","hentry","category-financial-reporting-and-analysis","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inflation &amp; Deflation in Inventory Costs | CFA Level 1<\/title>\n<meta name=\"description\" content=\"Understand how inflation and deflation impact inventory valuation methods like FIFO and LIFO, influencing financial statements and taxes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation &amp; Deflation in Inventory Costs | CFA Level 1\" \/>\n<meta property=\"og:description\" content=\"Understand how inflation and deflation impact inventory valuation methods like FIFO and LIFO, influencing financial statements and taxes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/\" \/>\n<meta property=\"og:site_name\" content=\"AnalystPrep | CFA\u00ae Exam Study Notes\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-28T06:15:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-09T18:14:03+00:00\" \/>\n<meta name=\"author\" content=\"Kajal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kajal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/\"},\"author\":{\"name\":\"Kajal\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/3cde53d128c8d0cfdd46d8732e8c3048\"},\"headline\":\"Inflation and Deflation of Inventory Costs\",\"datePublished\":\"2023-09-28T06:15:43+00:00\",\"dateModified\":\"2026-01-09T18:14:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/\"},\"wordCount\":727,\"articleSection\":[\"Financial Reporting and Analysis\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/\",\"name\":\"Inflation & Deflation in Inventory Costs | CFA Level 1\",\"isPartOf\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#website\"},\"datePublished\":\"2023-09-28T06:15:43+00:00\",\"dateModified\":\"2026-01-09T18:14:03+00:00\",\"author\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/3cde53d128c8d0cfdd46d8732e8c3048\"},\"description\":\"Understand how inflation and deflation impact inventory valuation methods like FIFO and LIFO, influencing financial statements and taxes.\",\"breadcrumb\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inflation and Deflation of Inventory Costs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#website\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/\",\"name\":\"AnalystPrep | CFA\u00ae Exam Study Notes\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/3cde53d128c8d0cfdd46d8732e8c3048\",\"name\":\"Kajal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2016\/12\/tarryn-150x150.png\",\"contentUrl\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2016\/12\/tarryn-150x150.png\",\"caption\":\"Kajal\"},\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/author\/kajal\/\"}]}<\/script>\n<meta property=\"og:video\" content=\"https:\/\/www.youtube.com\/embed\/ldZdnR2hXXA\" \/>\n<meta property=\"og:video:type\" content=\"text\/html\" \/>\n<meta property=\"og:video:duration\" content=\"1576\" \/>\n<meta property=\"og:video:width\" content=\"480\" \/>\n<meta property=\"og:video:height\" content=\"270\" \/>\n<meta property=\"ya:ovs:adult\" content=\"false\" \/>\n<meta property=\"ya:ovs:upload_date\" content=\"2023-09-28T06:15:43+00:00\" \/>\n<meta property=\"ya:ovs:allow_embed\" content=\"true\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Inflation & Deflation in Inventory Costs | CFA Level 1","description":"Understand how inflation and deflation impact inventory valuation methods like FIFO and LIFO, influencing financial statements and taxes.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/","og_locale":"en_US","og_type":"article","og_title":"Inflation & Deflation in Inventory Costs | CFA Level 1","og_description":"Understand how inflation and deflation impact inventory valuation methods like FIFO and LIFO, influencing financial statements and taxes.","og_url":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/","og_site_name":"AnalystPrep | CFA\u00ae Exam Study Notes","article_published_time":"2023-09-28T06:15:43+00:00","article_modified_time":"2026-01-09T18:14:03+00:00","author":"Kajal","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kajal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/#article","isPartOf":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/"},"author":{"name":"Kajal","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/3cde53d128c8d0cfdd46d8732e8c3048"},"headline":"Inflation and Deflation of Inventory Costs","datePublished":"2023-09-28T06:15:43+00:00","dateModified":"2026-01-09T18:14:03+00:00","mainEntityOfPage":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/"},"wordCount":727,"articleSection":["Financial Reporting and Analysis"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/","name":"Inflation & Deflation in Inventory Costs | CFA Level 1","isPartOf":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#website"},"datePublished":"2023-09-28T06:15:43+00:00","dateModified":"2026-01-09T18:14:03+00:00","author":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/3cde53d128c8d0cfdd46d8732e8c3048"},"description":"Understand how inflation and deflation impact inventory valuation methods like FIFO and LIFO, influencing financial statements and taxes.","breadcrumb":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/financial-reporting-and-analysis\/inflation-and-deflation-of-inventory-costs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/analystprep.com\/cfa-level-1-exam\/"},{"@type":"ListItem","position":2,"name":"Inflation and Deflation of Inventory Costs"}]},{"@type":"WebSite","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#website","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/","name":"AnalystPrep | CFA\u00ae Exam Study Notes","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/analystprep.com\/cfa-level-1-exam\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/3cde53d128c8d0cfdd46d8732e8c3048","name":"Kajal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/image\/","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2016\/12\/tarryn-150x150.png","contentUrl":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2016\/12\/tarryn-150x150.png","caption":"Kajal"},"url":"https:\/\/analystprep.com\/cfa-level-1-exam\/author\/kajal\/"}]},"og_video":"https:\/\/www.youtube.com\/embed\/ldZdnR2hXXA","og_video_type":"text\/html","og_video_duration":"1576","og_video_width":"480","og_video_height":"270","ya_ovs_adult":"false","ya_ovs_upload_date":"2023-09-28T06:15:43+00:00","ya_ovs_allow_embed":"true"},"_links":{"self":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/46973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/comments?post=46973"}],"version-history":[{"count":12,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/46973\/revisions"}],"predecessor-version":[{"id":57691,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/46973\/revisions\/57691"}],"wp:attachment":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/media?parent=46973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/categories?post=46973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/tags?post=46973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}