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Category > Accounting Posted 22 Apr 2017 My Price 12.00

ACCT 504 Week 3 Discussions

ACCT 504 Week 3 Merchandising Operations and Income Statements

In this area, we will discuss the accounting for inventory transactions of merchandising companies, the two formats of preparing the income statement, and how to evaluate the profitability of a merchandising company.
 
How is the income statement of a merchandising company different from that of a service company?

ACCT 504 Week 3 Inventory Cost-Flow Assumptions

In this area, we will talk about how companies determine the year-end inventory value and cost of goods sold using one of the cost-flow assumptions. We will also discuss the impact of choosing a certain cost-flow assumption on the tax liability and other financial statement numbers of a company. Finally, we will discuss how to analyze inventory numbers. 

Why is inventory important for a business? How is inventory different from other assets of the business?

 

 

Answers

SmartExpert
(118)
Status NEW Posted 22 Apr 2017 07:04 AM My Price 12.00

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Attachments

file 1492846179-ACCT 504 Week 3 Discussions.docx preview (475 words )
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