Refer to the IRS's ATG Auto Dealership, and answer these questions. a. What is the difference between

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Refer to the IRS's ATG "Auto Dealership," and answer these questions.

a. What is the difference between LIFO and non-LIFO inventory values called? What does it represent?

b. What is a simple way to obtain a "ball park" estimate of a company's LIFO reserve?

c. What is a car dealer's average holdback on new cars?

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Forensic And Investigative Accounting

ISBN: 9780808021438

4th Edition

Authors: Larry Crumbley, Lester E. Heitger, G. Stevenson Smith

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