Question: Cite the complete FASB Codification reference used for the explanation of interim reporting relating to SECregister companies.270-10-599Explain whether it is acceptable for an SEC-registered company

Cite the complete FASB Codification reference used for the explanation of interim reporting relating to SECregister companies.270-10-599Explain whether it is acceptable for an SEC-registered company to state the inpracticality of determining components of inventory using the gross profit method in their interim reporting. Consider the following question to guide your response:i. Is it acceptable?II. Would a public company count inventories during each interim period?III. Will management be able to make reasonable estimates of inventory estimates? Why or why not?[insert text.]

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