Business Finance Homework Help
Business Finance Homework Help. Help with Accounting (5-22)113
The accountant at Cedric Company has determined that income before income taxes amounted to $7000 using the FIFO costing assumption. If the income tax rate is 30% and the amount of income taxes paid would be $315 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?
Which one?
$5,950
$8,050
$7,000
$7,315
Business Finance Homework Help
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
