I have a doubt in the calculation of the net income . Why is the excess fair value of inventory $10,000 not considered in arriving at the consolidated net income.?
Is it not written down or anything? Please share your thoughts!
Joined: 28 Aug 2008 Location: United States
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Posted: 20 May 2009 at 22:06 | IP Logged
I think is because Inventory are book at cost IF decline in value due to obsolete then you write them down but I do not think you can write them up like a marketable security or those type of investments.
__________________ FAR 69,64,69,71,75
AUD 83
REG 79
BEC April-11
Joined: 10 Oct 2008 Location: United States
Online Status: Offline Posts: 120
Posted: 22 May 2009 at 12:58 | IP Logged
can someone explain the calcualtion for WACSO in the Chapter 7 simualtion.
why is treasury stock and options issued deducted from the begining balance of outstanding shares and then stock split considered.
If anyone has worked on thesimualtion they would understand the question.
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Topic: FAR - Becker Questions
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