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AICPA releases working draft on inventory valuation guidance

  • AICPA (American Institute of CPAs) Image

Nov 20, 2018

The AICPA’s Financial Reporting Executive Committee has released for public comment a working draft on fair value of inventory acquired in a business combination under ASC 820, “Fair Value Measurement.”

The working draft, Inventory Valuation Guidance, will be part of the upcoming Ac­count­ing and Au­dit­ing Guide, Business Combinations.

Com­ments on the working draft are due by February 1, 2019. For more in­for­ma­tion, see the press release on the AICPA’s Web site.

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