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NEW QUESTION: 1
A. Option C
B. Option D
C. Option A
D. Option B
Answer: C
NEW QUESTION: 2
The analyst should keep in mind that (1) if earnings are adjusted from LIFO to FIFO and
(2)
if after-tax income or
after-tax cash flow is used as the appropriate
measure of economic income, then the adjustment should be:
A. Ratio of the income tax effect
B. Gross of the income tax effect
C. net of the income tax effect
D. Cost of the income tax effect
Answer: C
NEW QUESTION: 3
A. Option E
B. Option F
C. Option D
D. Option A
E. Option C
F. Option B
Answer: C,E
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