Three Little Pigs We can conclude that PIGS will recognize the use of the lower of cost or market because of the “decrease in price” for live hogs and developing animals held for sale to third parties if we evaluate ASC 330-10-35-2, which states that “…, in accounting for inventories, a loss shall be recognized whenever the utility of goods is impaired by damage, deterioration, obsolescence, changes in price levels, or other causes. The measurement of such losses shall be accomplished by applying
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Summary of facts Three Little Pigs, Inc. (PIGS), is a vertically-integrated provider of pork products that produces approximately 4.1 million hogs per year. The company mainly deals with wholesale and retail food service and institutional markets in the United States, as well as outside third parties. PIGS classify their hog inventory into three major categories: live hogs ready for sale, developing animals, and processed pork products. Management believes that there is no lower cost of market
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Case 04-4 Three Little Pigs, Inc. Research Response Three Little Pigs, Inc. (PIGS) is a provider of live hogs and pork products. They classify inventory into three distinct categories: live hogs ready for sale, developing animals, and processed pork products. They have always evaluated inventory at cost because the wholesale price has always exceeded the cost of bringing the products to the market. Now, due to several factors, PIGS believes that they may have a lower of cost or market issue related
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Summary of the Facts Three Little Pigs, Inc. (PIGS) is trying to determine if they should impair their inventory due to a decline in futures prices. Although prices are declining, it is believed that the futures prices will begin to recover within the year. PIGS inventories consists of the following: live hogs to be internally processed, developing animals to be internally processed, internally processed pork products, live hogs to be sold to a third party, and developing animals to be sold
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The Story of The Three Little Pigs Once upon a time, there was a mother pig who had three little baby pigs. The three little pigs grew so big that their mother said to them, "You are too big to live here any longer. You must go and build houses for yourselves. But take care that the wolf does not catch you." The three little pigs set off. "We will take care that the wolf does not catch us," they said. Soon they met a man who was carrying some straw. "Please will you give me some straw?" asked
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Once upon a time in a quiet town, there lived three vertically challenged pigs. The three pigs were ready to move out of their parents’ home, not out of selfishness or teenage rebellion, but to begin a strong, independent life as college students. With their extensive knowledge of engineering, they set out to go make a difference in the world. There was one problem though: they were broke college students in need of a place to stay. The pigs decided to create eco-friendly houses to accommodate to
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Abstract The pigs are always fat, lazy, and happy, whereas the wolves are always intimidating, shrewd, and even reckless. The tyrant in the story of the Three Little Pigs is the wolf, who is unable to be satisfied by his cravings and who must continue in his endless search for meaning. The story seems to portray the wolf as an imposing figure that is unconquerable by the pigs; however, in the end the wit of the third pig does indeed conquer the wolf. The wolf, in a typical role of preying on
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Three Little Pigs: Four Interpretations - An Exercise in Paraphrasing By The Walden University Writing Center Staff This exercise is designed to help you improve your paraphrasing skills. You will also get practice at writing a compare-and-contrast interpretive paper, which will help you with the process used in your doctoral study and other course papers. Three interpretations of the classic tale of the Three Little Pigs appear here, along with a mini-research study about wolves and pigs
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The Three Little Pigs Once upon a time, there were three little pigs Oinky, Doinky, and Boinky, who live with their mother at the forest. One day there mother told them “ You’re all enough to be still living with me. Go and build houses for yourselves, just remember there is a big bad wolf out there so be careful and make your houses strong.” “Yes mother” Said the three little pigs “We will be ready for it” Oinky the oldest pig, was so lazy to build a house so he thought of making a house
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The Three Little Pigs Once upon a time, there were three little pigs Oinky, Doinky, and Boinky, who live with their mother at the forest. One day there mother told them “ You’re all enough to be still living with me. Go and build houses for yourselves, just remember there is a big bad wolf out there so be careful and make your houses strong.” “Yes mother” Said the three little pigs “We will be ready for it” Oinky the oldest pig, was so lazy to build a house so he thought of making a house
Words: 567 - Pages: 3
