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MC Qu. 54 Nu Company reported the following... Nu Company reported the followlng pretax data for its first year of operations. Net sales 2,850 2,330

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MC Qu. 54 Nu Company reported the following... Nu Company reported the followlng pretax data for its first year of operations. Net sales 2,850 2,330 750 Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: 40% If LIFO is elected If FIFO is elected 880 1,220 What is Nu's net Income If It elects LIFO? Multiple Choice $990. $390. $594. $650

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