The lifo conformity rule: multiple choice a) requires that all companies in the same industry use the same accounting methods of inventory valuation. b) requires when lifo is used for tax reporting, it is also used for financial reporting. c) is also called the taxation principle. d) requires a company to use one method of inventory valuation exclusively. e) is only applicable to the automotive industry.

Mr. pines is considering buying a house and renting it to students. the yearly operating costs are $1,900. the house can be sold for $175,000 at the end of 10 years and it is considered 18% to be a suitable annual effective interest rate. if the house costs $100,000 to purchase, how much would you need to charge your tenants each year in rent? (assume a single payment for the years rent at the end of each year)