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Accounting Fraud - Inventory LCM

Accounting Fraud - Inventory LCM

This YouTube video is a preview of the video series that accompanies the Fundamentals of Financial Accounting text by Phillips, Libby, and Libby.  Titled "DHB Industries Inc - Dodging Bullets" the video explains the lower of cost or market inventory concepts and how fraud was perpetrated by violating GAAP. (Time: 5:32)

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