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How does Walmart handle the requirement to report inventory at lower-of-cost-or-market? Does Walmart have a large LIFO reserve? If not, why Walmart receives discounts from

  • How does Walmart handle the requirement to report inventory at lower-of-cost-or-market?

  • Does Walmart have a large LIFO reserve? If not, why

  • Walmart receives discounts from suppliers because it purchases large volumes of merchandise. Is this reported as other income or accounted for in another way?

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