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Chapter 5: Inventory (Including Appendix A and B)

Chapter 5: Inventory (Including Appendix A and B). Analysis (O = overstated, U = understated): BI + P - EI = COGS NI A = L + SE. Class Problem. 07:. 9u. 9o. 9u. 9u. 9u. 08:. 9u. 9u. 9o. X. X. Why no effect on 2008 ending SE?. NI 2007 understated by $9,000

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56o x - PowerPoint PPT Presentation

Chapter 5: Inventory (Including Appendix A and B)