ACC 305 WEEK 4 ETHICS CASE 9 TO 11 ASH COURSE
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ACC 305 WEEK 4 ETHICS CASE 9 TO 11 ASH COURSE
Ethics Case 9-11 on page 497
Danville Bottlers is a wholesale beverage company. Danville uses the FIFO inventory method to determine the cost of its ending inventory. Ending inventory quantities are determined by a physical count. For the fiscal year- end June 30, 2011, ending inventory was originally determined to be $3,265,000. However, on July 17, 2011, John Howard, the company’s controller, discovered an error in the ending inventory count. He determined that the correct ending inventory amount should be $2,600,000.
Danville is a privately owned corporation with significant financing provided by a local bank. The bank requires annual audited financial statements as a condition of the loan. By July 17, the auditors had completed their review of the financial statements which are scheduled to be issued on July 25. They did not discover the inventory error.
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ACC 305 WEEK 4 ETHICS CASE 9 TO 11 ASH COURSE
To purchase this visit here:
http://www.nerdypupil.com/product/acc-305-week-4-ethics-case-9-to-11-ash-course/
Contact us at:
nerdypupil@gmail.com
ACC 305 WEEK 4 ETHICS CASE 9 TO 11 ASH COURSE
Ethics Case 9-11 on page 497
Danville Bottlers is a wholesale beverage company. Danville uses the FIFO inventory method to determine the cost of its ending inventory. Ending inventory quantities are determined by a physical count. For the fiscal year- end June 30, 2011, ending inventory was originally determined to be $3,265,000. However, on July 17, 2011, John Howard, the company’s controller, discovered an error in the ending inventory count. He determined that...