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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

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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 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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