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Mathematics, 30.07.2019 12:30 rome58

The accountant at patton company has determined that income before income taxes amounted to $11,000 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $600 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption? $11,600 $13,000 $9,000 $10,400

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The accountant at patton company has determined that income before income taxes amounted to $11,000...
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