Giorgio Armani
Giorgio Armani
Giorgio Armani
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Part D. Accounting Policies<br />
Revenue Recognition: Revenue is recognized when the<br />
goods are sold and the risk of loss is transferred to the<br />
customer.<br />
Cash: Included are highly liquid investments of 3 months<br />
or less. This includes short-term investments in debt<br />
securities.<br />
Inventories: The company uses the “First in First Out”<br />
(FIFO) method.<br />
Property and Equipment: Shown as initial cost less<br />
accumulated depreciation and amortization on a straightline<br />
basis over 37.5 years.
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