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Amount of income before taxes under the lifo assumption

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The accountant at Oriole Company has determined that income before income taxes amounted to $7300 using the FIFO costing assumption. If the income tax rate is 20% and the amount of income taxes paid would be $290 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?

Reference no: EM132052620

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