Fundamental Accounting Principles page 219 5-4A
Question # 00042281
Posted By:
Updated on: 01/20/2015 07:09 PM Due on: 01/22/2015
Assume
the ending inventory at August 31, 2013 is $30,000 rather than $41,000, based
on a physical count taken at year-end. What is the significance of this
difference? How would it affect the income statement
How would you explain costs of transportation-in vs customer delivery expenses?
How would you explain costs of transportation-in vs customer delivery expenses?
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Solution: Accounting Principles page 219 5-4A