Question: a. explain how inventory is presented on the balance sheet and what further information you found in the footnote disclosures about the inventory method and

a. explain how inventory is presented on the balance sheet and what further information you found in the footnote disclosures about the inventory method and "Impairment of Inventory", if any. Also how do we value it on the balance sheet?

b. if we have an error that happens in inventory, do we have to fix it.. Yes or no, and why?

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