Explain why proper inventory valuation is so important to the calculation of a company's bottom line net

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Explain why proper inventory valuation is so important to the calculation of a company's "bottom line" net income.

What is the meaning of taking a physical inventory and why is it important to take a physical inventory when using a perpetual inventory system.

Explain the accountant's role regarding taking a physical inventory.

Related Book For answer-question

Marketing

ISBN: 978-1111821647

12th edition

Authors: Charles W. Lamb, Joe F. Hair, Carl McDaniel

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Posted Date: Nov 16, 2017 05:32 AM

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Explain why proper inventory valuation is so important to the calculation of a company's bottom line net

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Proper inventory valuation is crucial for a companys financial statements including the calculation ... View the full answer

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