Determined that income before income taxes

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The accountant at Paige Company has determined that income before income taxes amounted to $8,400 using the FIFO costing assumption. If the income tax rate is 20% and the amount of income taxes paid would be $380 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?

Reference no: EM13754978

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