Refer to Practice 20-5. Assume that the detailed information listed in Practice 20-5 is not available. Instead,

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Refer to Practice 20-5. Assume that the detailed information listed in Practice 20-5 is not available. Instead, the company only knows that the beginning inventory for 2013 is $150 using LIFO and $220 using FIFO. Show the retained earnings computation for 2013 that would be included in the statement of stockholders' equity for the year.
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Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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