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Why is inventory valuation important to a company

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Reference no: EM132482919

Question - Why is inventory valuation important to a company? Does management have the ability to switch valuation methods when they perceive an advantage for the company will transpire? Are you aware of any companies that have fraudently reported wrong inventory numbers? What would motivate a company or bookkeeper to report misleading inventory numbers? Why?

Reference no: EM132482919

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