Subject category:
Finance, Accounting and Control
Published by:
Darden Business Publishing
Version: 20 May 2013
Revision date: 31-May-2013
Length: 4 pages
Data source: Published sources
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.
Industry:
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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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Industry: