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    Financial Accounting Information for Decisions Study Set 3
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    Exam 5: Reporting and Analyzing Inventories
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    The IRS Requires That When LIFO Is Used for Tax
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The IRS Requires That When LIFO Is Used for Tax

Question 66

Question 66

True/False

The IRS requires that when LIFO is used for tax reporting,it must also be used for financial reporting.

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