chapter 13 assignment.xlsx - 31 a b c d C corporation will...

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31 a. C corporation will elect same tax year b. Sole proprietorship will elect same tax year c. Partnership will elect same tax year d. S corporation will use calander year as the tax year. 40 a. 21000 b. he could get the entire adujustment in the year of 2016 44 Description FIFO LIFO sale of 200 units 140000 140000 purchase of 190 units 79800 79800 opening inventory 8000 8000 COGS 87800 87800 Ending inventory
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  • Fall '14
  • fabioambrosio
  • Types of companies, FIFO and LIFO accounting, S corporation, C CORPORATION

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