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Nu Company reported the following pretax data for its first year of operations 2000 2010 20N 120 Net sales Cost of goods available for sale

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Nu Company reported the following pretax data for its first year of operations 2000 2010 20N 120 Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: If LIFO is elected If FIFO is elected What is Nu's net income if it elects FIFO? $736. $1600. $920. $512

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