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. June 30, 2017 Book / Tax Fair Market Basis Value Assets Cash $ 100,000 $ 100,000 Trade accounts receivable 250,000 250,000 FIFO cost/bosis would

. June 30, 2017 Book / Tax Fair Market Basis Value Assets Cash $ 100,000 $ 100,000 Trade accounts receivable 250,000 250,000 FIFO cost/bosis would be Inventory [LIFO] $450, 00 350,000 GOO,000 Furnit...

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