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C0.59 O E. None of the above QUESTION 9 Not yet answered Marked out of 4.00P Flag questio nventory costing method for both tax and
C0.59 O E. None of the above QUESTION 9 Not yet answered Marked out of 4.00P Flag questio nventory costing method for both tax and financial reporting purposes. The balance sheet reports inventories at $297 million. Then in its footnotes, the company reports that inventories would have been 5327 million had the company used the FIFO method. The difference between these two numbers ($30 million) is referred to as: Select one: O A LIFO reserve OB. LIFO conformity rule OC. LIFO holding gain O D. Inventory temporary difference o- E. None of the above inc, issued a 3-montn note in the amount of $360,000 on 12/01/17 with an annual rate of 59. What amount of interest has accrued as of 12/31/17
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