The Ripple Effect of Tariffs: Inventory, Pricing and Financial Statements
Withum
MARCH 17, 2025
ASC 330 requires that companies analyze their inventory to ensure it is stated at the lower of cost or net realizable value, defined as the estimated selling price in the ordinary course of business, less the cost of transportation. Missteps can lead to misstated financials, compliance issues, or unexpected hits to profitability.
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