Assertion: inventory | /r/HasProperty | accounted
Facets:
value: for using one of three methods
type: CAUSE
value: properly
type: MANNER
Source sentences:
text: GAAP requires inventory to be properly accounted for according to a very particular set of standards, to limit the potential of overstating profit by understating inventory value.
text: Inventory is an accounting term that refers to goods that are in various stages of being made ready for sale, including:
text: Inventory is accounted for using one of three methods: first-in-first-out (FIFO) costing; last-in-first-out (LIFO) costing; or weighted-average costing.
text: Inventory in transit must be accounted for when it comes to supply and demand, along with the timelines for those demands to be met.