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Nueva Company Reported the Following Pretax Data for Its First

Question 74

Multiple Choice

Nueva Company reported the following pretax data for its first year of operations. Nueva Company reported the following pretax data for its first year of operations. -How much more will Nueva report in income tax if it elects FIFO instead of LIFO? A) $108. B) $176. C) $248. D) $72.
-How much more will Nueva report in income tax if it elects FIFO instead of LIFO?


A) $108.
B) $176.
C) $248.
D) $72.

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