FOLLOW THE INVENTORY An “accounting error” at Ace has created a $154 million difference between the company’s general ledger and its “perpetual inventory” (actual inventory records) for 2006. Ace believes the discrepancy may have accumulated over several years and could involve freight and duties in the imports area.
FOLLOW THE INVENTORY An “accounting error” at Ace has created a $154 million difference between the company’s general ledger and its “perpetual inventory” (actual inventory records) for 2006. Ace believes the discrepancy may have accumulated over several years and could involve freight and duties in the imports area.
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