Question
Company is DENTSPLY SIRONA INC, Ticker is XRAY a. Download your assigned companys annual financial statements from the company website. b. For the last two
Company is DENTSPLY SIRONA INC, Ticker is XRAY
a. Download your assigned companys annual financial statements from the company website.
b. For the last two fiscal years, find your companys inventory balance under a cost flow assumption other than LIFO.
c. For the last two fiscal years, what is your companys reported LIFO reserve balance?
d. For the last two fiscal years, what is your companys inventory balance under the LIFO cost flow assumption?
e. Prepare the journal entry that your company made at the end of the latest year to adjust the LIFO reserve to its current balance.
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Accounting Information For Decisions
Authors: Robert Ingram, Thomas L. Albright, Bruce A. Baldwin, John Hill
1st Edition
0538815388, 978-0538815383
