Why do some accountants believe that it should offset the year-end inventory balance with a fund balance—non-spendable when no comparable fund balance is required for cash, taxes receivable, or most other assets?

  1. Why do some accountants believe that it should offset the year-end inventory balance with a fund balance—non-spendable when no comparable fund balance is required for cash, taxes receivable, or most other assets?
  2. Requirements:
    • Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. Please include computations in a table.
    • For written answers, please make sure your responses are grammatically correct and free from spelling errors.
    • Follow the CSU-Global Guide to Writing and APA Requirements.

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