Question: 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

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

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