Problem
1. What are deferred charges and deferred credits, how do they come about, and do they conform to asset and liability definitions?
2. As a potential investor, what do you feel would be the most useful minute of measurement for each of the following: inventories held for sale, inventories held for production, and long-term debt? Would your answer differ if you were a potential lender? What if you were a manager of a company? What measurement problems are illustrated by this question?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.