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As a newly hired Staff I, you are responsible for analyzing the work papers for one of the clients of your organization. Your client is not clear about why you are asking for information on the following topics:
o Adjusting lower of cost or market inventory on valuation
o Capitalizing interest on building construction
o Recording gain or loss on asset disposal
o Adjusting goodwill for impairment
Write a 1,050 to 1,400 -word response that addresses your clientýs request. Please keep in mind the client has already made the transactions related to the above issues.You should assume they have some accounting knowledge on each issue.It is not necessary to give the client a theory lesson, but you can briefly include information related to accounting standards or other authority.You are there as part of the audit.Your tone should be familiar because this is not a new client.You are the new person. Please do not mention you are a new to the firm. Explain your purpose for asking for the information on each issue. You do not need to detail your audit process, but you should let the client know some of what you will be doing with their information and why.
Format your paper according to APA guidelines, including appropriate in-text citations and references. No Foot or end notes please
2 answers
Adjusting lower cost or market inventory on valuation
1 answer