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25 million euros) was released to the income statement (recoveries) for inventory provisions taken in earlier years."
a. Is Unilever a manufacturer or a retailer, and how do you know?
b. Does Unilever use the FIFO or LIFO inventory assumption, and how do you know?
c. What is an inventory write-down and an inventory recovery? Record the entries made byUnilever at the end of 2008 for the write-down and recovery.
d. How would Unilever's accounting have been different if it used U.S. GAAP instead of IFRS?
Take a set of financial statement information that you have available or can find in the library and implement the process discussed in Technology Excerpt 14.1.
Turbo Co. purchased 1,000 shares of DBC for $23 each this year and classified the investment as atrading security. Turbo sold 400 shares of the stock for $24 each. At year end the price per share of the DBC Company had increased to $26.
desmond troya ceo of destroya pest control inc. is weighing the purchase of new equipment based on heat sensing
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What will happen to the price and returns to stock in C&H Sugar as you (and later others) buy stock in C&H Sugar? Can abnormally high returns be maintained? Explain.
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