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ACC/422 ACC422 ACC 422 Week 3 Weekly Reflection

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ACC 422 Week 3 Weekly Reflection Learning Team Assignment – Weekly Reflection Discuss the objectives for Week Two and answer the following two questions: • Why is inventory valuation important to the presentation of the balance sheet and the income statement? • 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 Team’s discussion. (Use Microsoft Word)

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