Note - Inventory o COGs Extraordinary item o Unusual in...

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Current Event 3M – come back to start acquire other company o Polypore International Incorporated’s ultrafiltration business- water  purify water o Acquire only part of this company o Use money from outside USA ; cause the money is not yet taxed by  US Making a bad Account receivable o + Allowance     +bad debt expense o Wrote-off ; -AR 
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Unformatted text preview: Inventory o COGs Extraordinary item o Unusual in nature o Infrequent in occurrence o Account for the lost Homework o 7.3A – account a&b describe the effect on IS & BS for A/R o exercise 8.7 & 8.5A for inventory o 5.2A part A & 5.5A part a+b Asset = Liab +Equity+Revenue-Expense...
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