The Foursquare app makes use of the mobile device’s GPS system to determine the user’s location. Foursquare can use this information to target consumers with timely and relevant promotional messages. This is an example of marketing.

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?