A corporation must disclose in the annual report how inventory is valued and costed. Go to the

Question:

A corporation must disclose in the annual report how inventory is valued and costed. Go to the Balance Sheet of five retail stores, such as The Home Depot (www.homedepot.com), American Eagle Outfitters (ae.com), Kroger (www.kroger.com), or others. Make a comparison chart showing the inventory dollars listed in the balance sheet for the current and previous years. Go to the notes included in the annual report. The notes are listed in the same order as the accounts in the balance sheet. Find the note about inventory. List the valuation and costing methods for each corporation. Is the inventory the same for each type of corporation? Has the inventory decreased, remained the same, or increased? Is there a dollar difference between the LIFO and FIFO methods?

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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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