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    ananas1201's Avatar
    ananas1201 Posts: 1, Reputation: 1
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    #1

    Feb 5, 2018, 07:31 AM
    Accounting concepts
    How can cost of goods sold, gross profit and total assets be reported differently by three company's if the economic conditions are all identical for the three company's? Economic conditions would be sales price, cost of the inventory and number of units sold.
    smoothy's Avatar
    smoothy Posts: 25,495, Reputation: 2853
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    #2

    Feb 5, 2018, 10:16 AM
    It all depends on the price of Rice in China.



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