Short-Term Assets Inventories

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 3 in Financial Statements, 2022, pp 45-58 from Springer

Abstract: Abstract The primary basis of accounting for inventories is cost, which is the price paid or consideration given to acquire an asset. The valuation of inventory is not a minor issue, because the accounting method used to create a valuation has a direct bearing on the amount of expense charged to the cost of goods sold in an accounting period, and therefore on the amount of income earned.

Date: 2022
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DOI: 10.1007/978-3-031-15663-2_3

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