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The accountant at Novak Corp. is figuring out the difference in income taxes the company will pay depending on the choice of either FIFO or

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The accountant at Novak Corp. is figuring out the difference in income taxes the company will pay depending on the choice of either FIFO or LIFO as an inventory costing method, The tax rate is 30% and the FIFO method will result in income before taxes of $21330 The LIFO method will result in income before taxes of $19800. What is the difference in tax that would be paid between the two methods? $1530 Cannot be determined from the information provided. 5459 $1071

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