The LIFO conformity rule requires that if a company uses LIFO in reporting income to stockholders,it also must use LIFO on its tax return.

Name: The LIFO conformity rule requires that if a company uses LIFO in reporting income to stockholders,it also must use LIFO on its tax return.
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The Answer of The LIFO conformity rule requires that if a company uses LIFO in reporting income to stockholders,it also must use LIFO on its tax return.

The LIFO Conformity Rule Requires That If a Company Uses