ACCT 504 Discussion Inventroy

ACCT 504 Discussion Inventroy

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Why is inventory important for a business?

How is inventory different from other assets of the business?


Inventory is extremely important for a business. The reason behind understanding value of ... is to accurately report what the value of the inventory (asset) is for a company (Kimmel, Kieso, & Weygandt, 2011). If the asset of a company is worth less than what the market is willing to pay for it than the ...