Question: BE 8 - 1 6 LIFO liquidation ( triangle ) LO 8 - 6 Refer to the situation described in (

BE 8-16 LIFO liquidation \(\triangle \) LO8-6
Refer to the situation described in \(\boxed{\boxed{B E}}\mathbf{8-14}\). Assuming an income tax rate of \(25\%\), what is LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements?
BE 8 - 1 6 LIFO liquidation \ ( \ triangle \ ) LO

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