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Math Help - Please help me with this accounting question?

  1. #1
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    Please help me with this accounting question?

    Find the copy of the 10-K for: Cooper Tire & Rubber Company (CTB) filed Feb. 25, 2013
    Gardner Denver, Inc. (GDI) filed Feb. 27, 2013
    Ingersoll-Rand, PLC (IR) filed Feb. 14, 2013
    Deere & Co (DE) filed Dec. 17, 2012


    To compare inventories containing any LIFO values to a competitorís inventory, an adjustment must be made to approximate current cost. Identify the total book value of inventories for all 3 companies at year end. Determine the dollar value of inventory that would be used to compare to a competitorís inventory on Dec. 31, 2011 (use Oct. 31, 2011 for DE).


    I have been asked to find the Balance Sheet Value, adjustment value, and Value used for comparison purposes. I looked up every 10-K files and have no idea on how to calculate the adjustment value and value used for comparison purposes for each ones. Anyone can please help me with that, I do appreciate it. Thank you.
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  2. #2
    MHF Contributor
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    Re: Please help me with this accounting question?

    Hey super101.

    You may want to go to the IRS website or some other relevant government website to get the formulae relevant to your question.
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