ACC 422 Week 3 Weekly Reflection Learning Team Assignment – Weekly Reflection Discuss the objectives for Week Two and answer the following two questions: â€¢ Why is inventory valuation important to the presentation of the balance sheet and the income statement? â€¢ What do accountants mean by capitalizing fixed assets and how does that affect the balance sheet and the income statement? Write a 350- to 500-word summary of your Learning Teamâ€™s discussion. (Use Microsoft Word)
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