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9. In as few words as possible, tell me what 2/15 n30 means for sales discounts: 10. In inflationary/rising price environments, will LIFO or FIFO
9. In as few words as possible, tell me what 2/15 n30 means for sales discounts: 10. In inflationary/rising price environments, will LIFO or FIFO create lower taxable earnings? 11. Which inventory costing method gives managers the ability to manage earnings with their purchasing decisions? 12. If I were trying to inflate my earnings, would loverestimate or underestimate the allowance for uncollectible accounts (allowance for doubtful accounts)? 13. World Com fraudulently capitalized line costs" that should have been immediately expensed. As a result of the capitalization, were World Com's assets overstated or understated
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