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June 3, 2017 at 4:09 pm
Can you explain me- why did you increase Inventory?
June 3, 2017 at 5:00 pm
Because the goods were not, in fact, sold! Wellmay has the opportunity to repurchase and not all the risks and rewards of ownership have been transferred
So, if it’s not a sale, what is it?
It’s a secured loan where the goods are the security
That’s easy enough.
But, again, if it’s ot a sale, then it must still be part of Wellmay’s inventory and that is why we have to increase inventory
December 5, 2012 at 10:53 pm
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