- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How should Mary Kay inventory be handled as an expense if it was purchased in July 2018 and sold back to Mary Kay for 90% of it's worth before Dec 31 2018?
Topics:
June 1, 2019
10:49 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Handle it exactly the same way you would, if you sold it to me personally for 90% less than it's worth. Depending on your other business income/expenses, the business will probably show a loss, which is fine.
June 1, 2019
10:49 AM