An electronics store has a large number of computers in its inventory that use outdated technology. These
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1. Why is the store manager reluctant to admit that these computers have little sales value?
2. What are the consequences for the business of failing to recognize the decline in value?
3. What are the consequences for the accountant of participating in a misrepresentation of the inventory’s value?
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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