What do example disclosure items for inventory and related accounts include ?
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total answers (1)
total answers (1)
Accounting
- Cost method (FIFO, LIFO, retail method).
- Components of inventory.
- Long-term purchase contracts.
- Consigned inventory.
- Purchases from related parties.
- LIFO liquidations.
- Pledged or assigned inventory.
- Disclosure of unusual losses from write-downs of inventory or losses on long-term purchase commitments.
- Warranty obligations.
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