ACCT 304 Week 7 Discussion | Devry University
- Devry University / ACCT 304
- 20 Aug 2021
- Price: $5
- Accounting & Economics Assignment Help / Finance
ACCT 304 Week 7 Discussion | Devry University
Week
7: Inventory Classification and Systems
Merchandise Inventory is assets held for sale in the ordinary
course of business of wholesale and retail companies. Manufacturing inventories
are raw materials or WIP that will be used or consumed in the production of
finished goods to be sold. Review the Annual Report that you chose for the Week
3 Discussion topic #1 and based on what you've read in the text and in the
Becker materials, explain how inventory is presented on the balance sheet and
what further information you found in the footnote disclosures about the
inventory method and "Impairment of Inventory", if any.
Alternative Discussion Topic: You may elect to choose a tweet from the
FASB Twitter Feed (@FAFNorwalk) integrated into the home page of this course,
summarize the overarching topic of the tweet and related article or video, and
connect it to a topic we've studied in class this week. If a
classmate has chosen a feed in which you're interested, agree with their
summary and position by providing further supportive evidence from the book or
online, or disagree and provide evidence that supports your position. Feel free
to comment on current or recent tweets.
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