Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 17 October 1991
Length: 11 pages
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https://casecent.re/p/46159
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Abstract
Excerpts from annual reports of Blount, Inc, Penn Central Corp, and Quaker Oats. Shows changes in inventory valuation from FIFO to LIFO and LIFO to FIFO. Intended to promote a discussion of assumed cost flows through inventory accounts, accounting method changes, the role of auditors, and financial reporting strategy.
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Abstract
Excerpts from annual reports of Blount, Inc, Penn Central Corp, and Quaker Oats. Shows changes in inventory valuation from FIFO to LIFO and LIFO to FIFO. Intended to promote a discussion of assumed cost flows through inventory accounts, accounting method changes, the role of auditors, and financial reporting strategy.