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Devry ACCT 504 Week 3 Discussion DQ1 & DQ 2 Latest
DQ 1
Merchandising Operations and Income Statements (graded)
In this area, we will discuss the accounting for inventory transactions of merchandising companies, the two formats of preparing the income statement, and how to evaluate the profitability of a merchandising company.
How is the income statement of a merchandising company different from that of a service company?
DQ 2
Inventory Cost-Flow Assumptions (graded)
In this area, we will talk about how companies determine the year-end inventory value and cost of goods sold using one of the cost-flow assumptions. We will also discuss the impact of choosing a certain cost-flow assumption on the tax liability and other financial statement numbers of a company. Finally, we will discuss how to analyze inventory numbers.
Why is inventory important for a business? How is inventory different from other assets of the business?
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Devry ACCT 504 Week 3 Discussion DQ1 & DQ 2 Latest
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