please answer quickly. thank you! even though the LIFO cost for assumption will reduce taxable...
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please answer quickly. thank you!
even though the LIFO cost for assumption will reduce taxable income and the related cash outflow for income taxes there are certain difficulties in countered with it implementation. Dollar value LIFO is often used to help overcome these difficulties.
discuss and explain three different ways that the dollar value LIF a method overcomes some of the difficulties in the application of the LIFO approach.
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