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With regard to LIFO and FIFO, why do you think the government has had previous concerns about the impact that LIFO and FIFO play on
With regard to LIFO and FIFO, why do you think the government has had previous concerns about the impact that LIFO and FIFO play on the financial statements of companies (hint: taxes)?What method do you think the government prefer (please try to find some research online supporting your response).If you were running a company, which method would you prefer
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