At a recent company meeting an employee remarkswe were

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At a recent company meeting, an employee remarks:"We were working so hard to get the income for our bonus thisyear. Then they got all that raw material inventory in-andeven paid for it. We don't need it yet. Why didn't they wait until January?" Will the raw material inventory affectthis year's income? Does it matter whether it was paid for this year or in January? Explain.

Reference no: EM13615599

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