Students are presented with the inventory footnote of General Electric Company Annual Report 2002 and will be asked to respond some questions regarding information in the footnote. Questions revolve around what may in terms of asset values ​​in the balance sheet will be concluded, and “as if” FIFO basis to formulate the use of the LIFO reserve to various balance sheet and income statement accounts to a new.

Students are presented with the inventory footnote of General Electric Company Annual Report 2002 and will be asked to respond some questions regarding information in the footnote. Questions revolve around what may in terms of asset values ​​will be concluded in the balance, and the use of the LIFO reserve to various balance sheet and income statement accounts on an “as if” FIFO basis.
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Luann J. Lynch
Source: Darden School of Business
2 pages.
Release date: 06 June, 2006. Prod #: UV1119-PDF-ENG
General Electric Company’s inventory HBR case solution