Quiz Ch 08 – Dealing with Immaterial Differences in Inventory for Accounts Payable Turnover Calculation

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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What should be done if there is an immaterial difference between a company's beginning inventory and ending inventory when calculating accounts payable turnover?

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  • Search Terms: a accounts adjust adjustment an and be beginning between calculating company's cost difference ending footnotes. c) for goods if in increase inventory inventory, inventory. d) is it just made material must necessary not noted of or payable purchases. b) reduce should sold. still the then: a) there to turnover, when
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