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This resulted in a change in sales calculation. Harnischfeger incorporated products purchased from Kobe Steel, which were re-sold by the company, into its net sales. This increased aggregate sales and cost of sales by $28 million.
' There was a change in the fiscal year for some foreign subsidiaries.
' There was a change in the depreciation methods on assets. The depreciation policy for financial reporting purposes was changed to a straight-line method from a principally accelerated method.
' There was a change in the use of last-in, first-out (LIFO) liquidation in inventory valuation.
' There was a change in the allowance for doubtful accounts...
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Common topics in this essay:
- Accounting Case
- Accounting Chapter 5, Problem 21
- Accounting case
- accounting made easy
- chapter 1 revew accounting help
- discuss the role of the financial accounting and managerial accounting functions in organizations
- Harnischfeger Corporation
- Harnischfeger Corporation
- Lean Accounting and the Basics of Accounting
- Manaerial Accounting Chapter 7 Solutions
- Managerial Accounting Vs Financial Accounting
- Managerial accounting vs Financial accounting
- Should Accounting be made a professional school
- The Differences Between Financial Accounting And Management Accounting
- The Harnischfeger Case
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