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ACC 572 Week 3 Discussion

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“LIFO Inventories” Please respond to the following: • From the first e-Activity, identify and evaluate the potential financial consequences under IFRS for U.S. companies valuing inventory using LIFO for financial and tax reporting purposes. • From the second e-Activity, analyze and discuss the impact of IFRS 13, Fair Value Measurement, on the revaluation of property, plant, and equipment.

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