a. What are the two categories of inventory that Spin Master has? b. Refer to Notes for

Question:

a. What are the two categories of inventory that Spin Master has?

b. Refer to Notes for the balance sheet for WestJet in Appendix III at the end of the textbook and determine the types of inventory WestJet has.

c. For WestJet and Spin Master both balance sheets include Inventory. Explain how Inventory is unique for each of these companies.
d. How does Spin Master handle its purchase discounts, rebates, import duties, taxes, and transportation costs? Where did you find this information in the financial statements?

e. Did the balance in Inventory for Spin Master increase or decrease from December 31, 2016, to December 31, 2017?

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...

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