If cost of goods sold under FIFO was $8,000 and was $10,000 under LIFO, assuming a tax rate of 40%, how much tax savings resulted from using LIFO?
a. $ 1,200
b. $ 800
c. $ 2,000
d. There would be no tax savings.
b
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What will be an ideal response?
Explain the implications of enforcing referential integrity for Insert, Update and Delete statements
What will be an ideal response?