Question: The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles. Required: 1. What is the specific citation that describes

The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles.

Required:
1. What is the specific citation that describes the disclosure requirements that must be made by publicly traded companies for a LIFO liquidation?
2. Describe the disclosure requirements.

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