Archive for January, 2008

Hypothetical accounting question. Bargain accounting. What if?

Friday, January 18th, 2008
Tazzzy asked:

In my country, it is appropriate to bargain when purchasing anything from any store. How will that affect accounting standards for big firms? Lets say Walmart existed in my country, how would they create their financial statements to take in to consideration that the items they will be selling will be bargained. Im am doing this project for my Intermediate accounting class… Give me some ideas please?

Question posted courtesy of: Cheryl
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