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Author Question: What is the significance of the Thor Power Tool Co. case? (Read 51 times)

Diane

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on: Sep 13, 2020

Question 1

In 2015 Anika Co. adopted the simplified dollar-value LIFO method. Inventory under FIFO in 2015 and 2016 is $400,000 and $600,000, respectively. The Consumer Price Index for 2015 is 115 and the Consumer Price Index in 2016 is 125 percent. How much is Anika's inventory at the end of year 2016 under simplified LIFO?

Question 2

What is the significance of the Thor Power Tool Co. case?
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Marked as best answer by Diane on Sep 13, 2020

C.mcnichol98

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Diane

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Reply 2 on: Sep 13, 2020
Excellent

hramirez205

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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