E6-2 Kale Thompson, an auditor with Sneed CPAs, is performing a review of Strawser Determine the correct
Question:
E6-2 Kale Thompson, an auditor with Sneed CPAs, is performing a review of Strawser Determine the correct Company’s inventory account. Strawser did not have a good year and top management is under inventory amount.
pressure to boost reported income. According to its records, the inventory balance at year-end (so 1)
was $740,000. However, the following information was not considered when determining that amount.
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Related Book For
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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