Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / in 2022, Karen Corp
in 2022, Karen Corp. changed method of inventory pricing from LIFO to FIFO. ignoring income taxes the net income computed on a LIFO as compared to a FIFO basis for the four years involved was :
LIFO FIFO
2019 78900 87300
2020 84500 88800
2021 86900 90300
2022 92900 92900
what would the net income be on a comparative financial statement issued on dec. 31, 2022 for each of the four years 2019 - 2022, assuming the company changed to the FIFO method in 2022?
Already member? Sign In
