614. For each of the three items, (1) depreciation, (2) inventory, and (3) installment sales, explain: a.
Question:
6–14. For each of the three items, (1) depreciation, (2) inventory, and (3) installment sales, explain:
a. Two acceptable accounting methods for reporting purposes.
b. How each of the two acceptable accounting methods identified affect current period income.
(CFA Adapted)
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