'Retail method' diaporamas de présentation

Chapter Nine Inventory: Additional Issues

Chapter Nine Inventory: Additional Issues. LCM is a departure from historical cost and is a conservative accounting method. Lower of Cost or Market (LCM). GAAP requires that inventories be carried at cost or current market value, whichever is lower. Determining Market Value. Net Realizable

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Inventories: Additional Valuation Issues

Inventories: Additional Valuation Issues. Objectives of this Chapter. I. Introduce Inventory estimation methods: the gross profit method and the retail inventory method. II. Determine ending inventory cost by applying the gross profit method.

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INVENTORY Alternative Valuation Methods

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Chapter 9

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