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ing the following data, by how much would taxable income change if LIFO is used rather than FIFO? Us Beginning inventory Purchases Units sold 4000
ing the following data, by how much would taxable income change if LIFO is used rather than FIFO? Us Beginning inventory Purchases Units sold 4000 units at $44 7000 units at $54 7000 O There is no difference. O Increase by $40,000. O Decrease by $40,000. O Decrease by $70,000
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