The lifo conformity rule: multiple choice a) requires that all companies in the same industry use the same accounting methods of inventory valuation. b) requires when lifo is used for tax reporting, it is also used for financial reporting. c) is also called the taxation principle. d) requires a company to use one method of inventory valuation exclusively. e) is only applicable to the automotive industry.

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Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.

Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task