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Compact case
Case
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Reference no. UVA-C-2336
Published by: Darden Business Publishing
Originally published in: 2012
Version: 20 May 2013
Revision date: 31-May-2013

Abstract

This exercise presents the inventory footnote from General Electric Company's 2011 annual report. Students are asked to make inferences about inventory values on the balance sheet and to use the LIFO reserve to restate various balance-sheet and income-statement accounts to an 'as if' FIFO basis.

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Abstract

This exercise presents the inventory footnote from General Electric Company's 2011 annual report. Students are asked to make inferences about inventory values on the balance sheet and to use the LIFO reserve to restate various balance-sheet and income-statement accounts to an 'as if' FIFO basis.

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