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During 2 0 2 2 ( its first year of operations ) and 2 0 2 3 , Fieri Foods used the FIFO inventory costing
During its first year of operations and Fieri Foods used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of Fieri decided to change to the average method for both financial reporting and tax purposes. Income components before income tax for and were as follows: table$ in millionsRevenues$$$ 
During its first year of operations and Fieri Foods used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of Fieri decided to change to the average method for both financial reporting and tax purposes.
Income components before income tax for and were as follows:
table$ in millionsRevenues$$$
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
