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To what extent should the liquidity measures revisions be considered if LIFO were to be eliminated from U.S. GAAP? Provide examples of those likely measures
To what extent should the liquidity measures revisions be considered if LIFO were to be eliminated from U.S. GAAP? Provide examples of those likely measures that would be affected. As an interesting side note, what does the 2016 United States budget estimate the effect on revenues will be if LIFO accounting for inventory is repealed
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