Inventory includes the raw materials used by manufacturers in production or the resale goods distributors and retailers acquire to sell to their customers. Proper accounting of inventory is important ...

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A small business must decide on how it will account for the inventory of goods it sells. The decisions can have a substantial effect on taxable income. An owner can choose how to value inventory, the ...

Amanda Bellucco-Chatham is an editor, writer, and fact-checker with years of experience researching personal finance topics. Specialties include general financial planning, career development, lending ...