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This is from Contemporary Auditing Knapp 6th Edition. Case study 2.8 Perry Drug Stores INC. 2. Do you believe the inventory accounting procedures Perry applied

This is from Contemporary Auditing Knapp 6th Edition. Case study 2.8 Perry Drug Stores INC.

2. Do you believe the inventory accounting procedures Perry applied were reasonable? What criteria are relevant in deciding whether a given company's accounting methods are reasonable or acceptable?

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