Business, 28.12.2019 07:31, vaniavidal666
Anonprofit museum holds a valuable collection of art works. on reviewing the museum's financial statements, a new trustee notices that the statement of financial position contains no line item for inventory of art works. he is told by the accountant that the museum has never taken an inventory because "it would cost too much." what are the accounting requirements regarding capitalization of the art works?
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Anonprofit museum holds a valuable collection of art works. on reviewing the museum's financial stat...
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