The 2008 annual report of The New York Times Company includes the following note: 6. Inventories Inventories
Question:
6. Inventories
Inventories as shown in the accompanying Consolidated Balance Sheets were as follows:
Required
1. What types of inventory costs does The New York Times Company carry? What about newspapers? Are newspapers considered inventory?
2. Why would the company choose more than one method to value its inventory?
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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