Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: PhiKapMom
These reporters should take a basic accounting course. They'd be shocked! purely shocked!

I gave up on it when I found out there were 4 different ways to figure inventory, all of which could be the correct way under the right circumstances, and all of which give different numbers. SHEESH!
218 posted on 07/08/2002 2:31:39 PM PDT by Amelia
[ Post Reply | Private Reply | To 195 | View Replies ]


To: Amelia
You are so right about accounting practices. Probably also depends on who is auditing and how much they know!
230 posted on 07/08/2002 2:33:10 PM PDT by PhiKapMom
[ Post Reply | Private Reply | To 218 | View Replies ]

To: Amelia
I gave up on it when I found out there were 4 different ways to figure inventory,

There are more than four ways to determine the LIFO method alone.

267 posted on 07/08/2002 2:37:55 PM PDT by VRWC_minion
[ Post Reply | Private Reply | To 218 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson