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Nu Company reported the following pretax data for its first year of operations. Net sales 2,880 Cost of goods available for 2,430 sale Operating expenses

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Nu Company reported the following pretax data for its first year of operations. Net sales 2,880 Cost of goods available for 2,430 sale Operating expenses 750 Effective tax rate 30% Ending inventories If LIFO is elected 950 If FIFO is elected 1,140 What is Nu's net income if it elects LIFO? Multiple Choice $588. $455. $840 $650

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