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all answers please h) Why is it important that a manufacturer disclose the cost of each classification of ending inventory that it holds at year

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h) Why is it important that a manufacturer disclose the cost of each classification of ending inventory that it holds at year end? i) What is a contra account? Give one example of a contra account. A contra account to reduce the value of the related account when the two are netted together. Exemple: A counskated Reprecentios (to os asset account) j) How may financial statements assist the users of the financial statements? Page 3 of 3 DE 41 munting & Finance for Engineers Partl-Exam #1

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