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Help Save & Exit Submit Nueva Company reported the following pretax data for its first...

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Help Save & Exit Submit Nueva Company reported the following pretax data for its first year of operations. Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: If LIFO is elected If FIFO is elected 7,400 5,820 1,743 20% 636 813 How much more will Nueva report in income tax if it elects FIFO instead of LIFO? $35. $124. O $139. $104

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