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Schweser reading 35 concept checker 29
Hi All, I am not able to understand the solution:
Beginning LIFO reserve is 50,000
Ending LIFO reserve is 60,000
How do we adjust end of period equity…..
Solution: To adjust end of period owner’s equity don’t consider tax on the retained earnings..
Any ideas..
Thanks in advance… |
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发表于 2013-4-12 21:43
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