More than one president has called for therepeal of LIFO accounting for tax purposes. Find arguments for and against this proposal. Which position do you agree with most and why?Use the IRS website or a tax journal to back up your opinion and be sure to note your source in APA format.
*Do not forget to respond to the other topic this week.
This week we discussed “mixed-motive expenditures” which include expenditures which may be classified as business or personal depending on the circumstances. Give an example of a type of expenditure that might be considered “mixed-motive” and discuss the ethical significance of how these expenditures are treated and/or reported. Be sure to support your opinion with specific examples from articles or the IRS website.