Business, 15.04.2020 03:18 impura12713
The accountant at Novak Corp. has determined that income before income taxes amounted to $13400 using the FIFO costing assumption. If the income tax rate is 30% and the amount of income taxes paid would be $1100 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?
Answers: 1
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The accountant at Novak Corp. has determined that income before income taxes amounted to $13400 usin...
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