You are making a detailed analysis of the financial statements and accounting re

You are making a detailed analysis of the financial statements and accounting records of two companies: Adams Company and Bar Company. They are in the same industry and price levels have been rising steadily for several years. In the course of your investigation you observe that the inventory value shown on the Adams company balance sheet is quite close to the current replacement cost of the merchandise on hand. However for Bar Company the carrying value of the inventory is far below current replacement cost.Grading Rubric50%Basic response to the DB question30%Additional research supporting the initial answer to the DB question20%Comments which serve to further the discussion apply real world example or lend to enhancing the clarity of the conceptsIn your own words please post a response to the Discussion Board and comment on at least two other postings. You will be graded on the quality of your postings.For assistance with your assignment please use your text Web resources and all course materials.Course Materials