In its December 2019 10-K, Lyondelliasel Industries reponted the following information (S millions) LYONDELL BASELL NDUSTRES...
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In its December 2019 10-K, Lyondelliasel Industries reponted the following information (S millions) LYONDELL BASELL NDUSTRES Cost of Goods Sold LIFO Decrease in LIFO Reserve Total Assets Inventories Reserve Net Income s29.301 $4.580 $670 $128 $30,435 $3.307 Adjust the account balance for the following financial statement items assuming the company used FIFO instead of LIFO for its inventory costing method. The company has a 22% tax rate. b. Total assets c. Cost of goods sold d. Net income a. Inventories LO4 In its December 2019 10-K, Lyondelliasel Industries reponted the following information (S millions) LYONDELL BASELL NDUSTRES Cost of Goods Sold LIFO Decrease in LIFO Reserve Total Assets Inventories Reserve Net Income s29.301 $4.580 $670 $128 $30,435 $3.307 Adjust the account balance for the following financial statement items assuming the company used FIFO instead of LIFO for its inventory costing method. The company has a 22% tax rate. b. Total assets c. Cost of goods sold d. Net income a. Inventories LO4
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