36angels
Mar 17, 2007, 08:34 AM
Question
Accounts officers at xerox corporation discovered that significant errors have been made in the valuation of inventory and are worried that it might have significant impact on the net income and earnings per share. What are possible top 3 effects of the errors on the net income? What could have been the top 2 reasons behind incorrect valuation of the inventory?
Accounts officers at xerox corporation discovered that significant errors have been made in the valuation of inventory and are worried that it might have significant impact on the net income and earnings per share. What are possible top 3 effects of the errors on the net income? What could have been the top 2 reasons behind incorrect valuation of the inventory?