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The accountant at Bramble Company has determined that income before income taxes amounted to $6800 using the FIFO costing assumption. If the income tax
The accountant at Bramble Company has determined that income before income taxes amounted to $6800 using the FIFO costing assumption. If the income tax rate is 25% and the amount of income taxes paid would be $320 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption? $6800 O $5520 $8080 O $7120
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