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If you could only give me an idea so that I can uderstand it and choose a company of my choice. (Present a business that

If you could only give me an idea so that I can uderstand it and choose a company of my choice. (Present a business that would have an inventory)Please select a specific business of some sort and discuss the difference between the FIFO assumptions of earnings and operating cycle and the LIFO assumption of earnings and operating cycle as if you were presenting the information to the business owner.Have fun with this discussion and select a business that may be of interest to you.

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