Documents CHAPTER 8 CONTINUED VALUATION OF INVENTORIES: A COST-BASIS APPROACH Sommers – ACCT 3311.

Slide 1CHAPTER 8 CONTINUED VALUATION OF INVENTORIES: A COST-BASIS APPROACH Sommers – ACCT 3311 Slide 2 Discussion Question Explain why proponents of LIFO argue that it…

Documents Ifrs Usgaap Notes

1 IFRS ⢠Substantially similar to U.S. GAAP ⢠Significant differences do exist. ⢠An effective way to understand IFRS is to compare to U.S. GAAP. Areas with significant…