Question
FASB has recently introduced proposals to update inventory disclosure because a) Companies rarely give an accurate breakdown as to the different components of inventory b)
FASB has recently introduced proposals to update inventory disclosure because a) Companies rarely give an accurate breakdown as to the different components of inventory b) The new disclosure requirements would supply shareholders and investors with crucial information about a company's revenue and cash flow prospects c) Many companies do not write down their obsolete inventory in order that the company should not take a hit on its earning report d) Companies often engage in mergers in order to acquire the inventory of a rival company e) All of the above
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