A company estimates an allowance for inventory obsolescence. However, this estimate is sensitive to changes in the

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A company estimates an allowance for inventory obsolescence. However, this estimate is sensitive to changes in the short term. What are the disclosures required by current GAAP?

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Advanced Accounting

ISBN: 978-1118098615

5th Edition

Authors: Debra C. Jeter, Paul Chaney

Question Posted: Mar 13, 2015 12:10 PM

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A company estimates an allowance for inventory obsolescence. However, this estimate is sensitive to changes in the

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Inventory obsolescence would not be considered a contingent liability so Topic 450 Conti...View the full answer

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