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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 81
Samsung Electronics reports the following regarding its accounting for inventories.
1. What cost flow assumption(s) does Samsung apply in assigning costs to its inventories
2. If at year-end 2013 there was an increase in the value of its inventories such that there was a reversal of
is Korean won) million for the 2012 write-down, how would Samsung account for this under IFRS Would Samsung's accounting be different for this reversal if it reported under U.S. GAAP Explain.
1. What cost flow assumption(s) does Samsung apply in assigning costs to its inventories
2. If at year-end 2013 there was an increase in the value of its inventories such that there was a reversal of
is Korean won) million for the 2012 write-down, how would Samsung account for this under IFRS Would Samsung's accounting be different for this reversal if it reported under U.S. GAAP Explain.Explanation
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Inventory
Inventory refers to the work ...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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