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Nu Company reported the following pretax data for its first year of operations. Net sales 2,850 2,440 800 Cost of goods available for sale Operating

Nu Company reported the following pretax data for its first year of operations. Net sales 2,850 2,440 800 Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: If LIFO is elected If FIFO is elected 30% 900 1,190 What is Nu's net income if it elects LIFO

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