Income disc

  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? 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.