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Nu Company reported the following pretax data for its first year of operations. 2,910 2,390 730 Net sales Cost of goods available for sale Operating

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Nu Company reported the following pretax data for its first year of operations. 2,910 2,390 730 Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: If LIFO is elected If FIFO is elected 30% 870 1,060 What is Nu's net income if it elects LIFO? Multiple Choice $462. $595. $660. $850

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