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Calculate inventory calculation average cost, first-in-first-out
(FIFO), and last-in-first-out (LIFO). Record the calculated average
cost in the financial statement.
Calculate the straight-line depreciation.
Create an income statement using the results calculated above.
Create a balance sheet using the results calculated above. Insert
your Learning Team's footnotes into the balance sheet and income
statement. Identify in the footnotes the depreciation methods being
used for the fixed assets. Also identify the footnotes the methodology
used to determine deferred taxes.
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ACC 545 Week 2 Learning Team Assignment Los Lobos
Ledger Preparation
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ACC 545 Week 2 Learning Team Assignment Los Lobos Ledger
Preparation
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