Obtain Moet Hennessy - Louis Vuitton's 2010 annual report using the ''Investor Relations'' portion of its website
Question:
Required:
1. Describe the inventory of LVMH.
2. How does LVMH value its inventory other than wines? Why doesn't LVMH use LIFO?
3. How does LVMH value its wine inventory? What is the justification for this valuation?
4. Did LVMH record any inventory write-downs during the year? If so, what was the dollar amount and can any conclusions be drawn from the pattern or write-downs.
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1 LVMHs is a diversified company with a variety of inventory types from alcohol to retail products W...View the full answer
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Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1111822361
1st edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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