Question: R A B C D E F G H I J K N O P Q Silvia Company's 2021 balance sheet reveals that inventories reported

R A B C D E F G H I J

R A B C D E F G H I J K N O P Q Silvia Company's 2021 balance sheet reveals that inventories reported on a LIFO basis are $25,000,000. In a footnote, management stated that the LIFO reserve was $3,500,000. 1 3. 2 How much would Silvia's ending inventory be using FIFO? 3 A. 4 5 6 7 B. What is the total cumulative tax effect of using LIFO given a 32% income tax rate

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