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Claudia is starting her own office supply business and asks her tax preparer when and how often she should value her inventory for tax purposes.
Claudia is starting her own office supply business and asks her tax preparer when and how often she should value her inventory for tax purposes. To properly determine her taxable income, how often must Claudia value her inventory?
a) Every quarter
b) At the beginning and end of each year
c) Monthly
d) January, July, and December
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