Because of recent technological breakthroughs in your company's main product, the selling price has increased and the accountants have increased the value of the company's inventory. 3. The accountants at your company have decided to state the financial statements in euros because the company does a lot of business in Italy. 4. Your company's monthly income statement shows the highest monthly revenue earned this year (in July) compared to the highest amount paid for each expense so far this year. 5. Your company recently filed for bankruptcy. 6. Building construction costs have skyrocketed in your area, making your company's building significantly more valuable, so the accounting records have been updated to reflect the estimated selling price for this asset. 7. Most of your company's sales occur in the fall, so a summary income statement was issued for Spring-Summer of the current year. 8. A completely separate company from the one with which you are concerned may not make it through the year. This information was included in your company's financial statements.