a physical inventory on december 31 shows 2000, Accounting Basics

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a physical inventory on december 31 shows 2000

a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inventory method. what is the difference in taxes if LIFO rather than fifo is used?

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Accounting Basics: a physical inventory on december 31 shows 2000

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