1. What is the significance of accounting for inventories? What "difference does it make" if the amounts reported are accurate or not?
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Hi there,
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<br>Accounting for inventory is very important, especially if the business is involved in the selling of physical goods. If the company does not report that they have any inventory on hand when they actually do so, they would be underreporting their assets. This could have significant consequences in instances where the company holds bank covenants and their bank loans are dependent on ...
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This question involves the fundamentals of accounting
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A random selection of accounting firms from three regions is taken and they are asked to state the starting salary for a new accounting graduate. Do a one-way ANOVA to analyze these data using a 1% level of significance:
South Northeast West
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$30500 $41000 $3
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3. None of the other answers
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What is
