Question: Computingand Analyaing a LIFO Lquidation datare avaitable a. What is the effect of the UFO liguidition on after tax proft or loss assuming a 254

Computingand Analyaing a LIFO Lquidation datare avaitable a. What is the effect of the UFO liguidition on after tax proft or loss assuming a 254 tax rate? h. What is the accounting explanation for uFO liquidation? Due to lower cost inventory matched to current selling price which has increased over time. \&

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