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Using the Following Data,by How Much Would Taxable Income Change

Question 105

Multiple Choice

Using the following data,by how much would taxable income change if FIFO is used rather than LIFO? Using the following data,by how much would taxable income change if FIFO is used rather than LIFO? A) Decrease by $10,000. B) Decrease by $90,000. C) Increase by $10,000. D) Increase by $90,000.


A) Decrease by $10,000.
B) Decrease by $90,000.
C) Increase by $10,000.
D) Increase by $90,000.

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