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Suggest which type of income statement a retailer should use.


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WEEK 3 DISCUSSION
“Accounting for Inventories” Please respond to the following:
  • Suggest which type of income statement a retailer should use. Defend your suggestion.
  • Analyze inventory valuation methods discussed in the textbook. Based on your analysis, recommend the most accurate valuation method that reflects current economic conditions. Provide a rationale for your recommendation.

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