"because inventory directly impacts the income statement, management`s decision about how to account for inventory will affect net income".
My problem as to word "account for". If I could substitute it for "write down on the balance sheet" or " take account of", does the point of the sentence will change or not? Thanks very much
2006-11-21 06:19:04 · 5 answers · asked by Anonymous in Education & Reference ➔ Words & Wordplay
no, i think you have the meaning.
(the other common meaning for "account for" is "explain"... not the meaning meant here)
2006-11-21 06:21:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don´t think the point of the sentence will change. I believe I understand what you do, and I think it relates to whatever accounting method of inventory management chooses to use, like FIFO. Hope this helps.
2006-11-21 07:04:02 · answer #2 · answered by silentlucidity14 2 · 0⤊ 0⤋
It sounds fine the way it is. But if you substituted either of those phrases, it would mean the same thing. I say stick with what you've got.
2006-11-21 06:25:44 · answer #3 · answered by Cara M 4 · 0⤊ 0⤋
ooooohhhh awesome English used here but the sad part is tht even I don't knw wht this sentence means
2006-11-21 06:23:40 · answer #4 · answered by Aanshik 3 · 0⤊ 0⤋
The meaning is the same with either of those subsitutions.
2006-11-21 06:21:58 · answer #5 · answered by ignoramus 7 · 0⤊ 0⤋