Answer questions 1-3
I found a March 2013 website that captures 10 reasons to conduct a physical inventory. I thought that you may find it interesting. Here are a few of the reason and you are welcome to visit the web link to read more.Â
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"1. Regulatory Compliance- The number 1 reason we find that our customers need to conduct a physical inventory is regulatory compliance. Compliance issues vary depending on the organization, and can include; audit, Sarbanes Oxley (SOX) compliance for fixed assets, and GASB statements 34 and 35.
Improve IT Support- ITAM, or Information Technology Asset Management covers a broad range of processes throughout the IT asset life cycle. Effective IT support and management requires current, accurate data related to IT assets."
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Thoughts anyone?
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Reference:
 http://verasset.com/top-10-reasons-organizations-are-conducting-physical-inventory/
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2.In a period of increasing prices, why would the company tax accountant prefer the last in, first out method while the CEO would prefer first in, first out? Why is this important?
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3.What is the actual purchase price of goods?
Answers
Status NEW
Posted 21 Apr 2017 01:04 AM
My Price 6.00
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file 1492738047-Solutions file.docx preview (56 words )
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