Posted: November 16th, 2015

Accounting Questions

Accounting Questions

Answer the following three questions. Each response needs to be at least 250 words. Cite any sources.

1. Explain how inventory might be treated within a particular industry, and justify why this methodology is appropriate.

2. The accountant uses significant judgment in the valuation of assets. How does the accountant use estimates and judgment in the valuation of property, plant, and equipment? Is it ethical for an accountant to use estimates and varying methodology to achieve desired corporate results?

3. Explain how specific intangibles might be treated within a particular industry, and justify why this methodology is appropriate.

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