Deere and Company reported inventory in its balance sheet as follows: Inventories.................................$1,999,100,000 What additional disclosures might be

Question:

Deere and Company reported inventory in its balance sheet as follows:

Inventories.................................$1,999,100,000

What additional disclosures might be necessary to present the inventory fairly?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...