What would be the value associated with the inventory
If Bounder Dog Supplies, Inc purchased inventory at $2,200 list price and the terms were 3/10 n/30, what would be the value associated with the inventory if payment was made within 10 days?
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Fair value accounting is a newer financial accounting concept in U.S. GAAP. Describe an advantage and an disadvantage that you see in applying fair value to certain assets. Be sure to include examples and references.
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