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Assume that barber co. uses the lifo inventory costing method for both tax and financial reporting purposes. the balance sheet reports inventories at $297 million. then, in its footnotes, the company reports that inventories would have been $327 million had the company used the fifo method. the difference between these two numbers ($30 million) is referred to as:
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Assume that barber co. uses the lifo inventory costing method for both tax and financial reporting p...
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