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Question - Williams Company had the following balances and transactions during 2013.
Beginning inventory
10 units at $70
June 10
Purchased 20 units at $80
December 30
Sold 15 units
December 31
Replacement cost $78
What would the company's inventory amount be on the December 31, 2013 balance sheet if the perpetual LIFO method is used? (Answers are rounded to the nearest dollar.)
A) $1,050
B) $1,100
C) $900
D) $1,200
Prepare the schedule using effective-interest method to amortize bond premium or discount of Nance Co. (Round answers to 0 decimal places, e.g. 125.)
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A list of book-tax differences
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