1. Prepare a one page memo for Susan Madigan explaining the appropriate accounting treatment for the sale of inventory to Sterling Your memo should include a journal entry to book the transaction as of June 25, 2016 with supporting logic.
2. Separately address whether it is possible to determine if your conclusion is Explain why or why not.
3. Separately address whether it may be possible to reach different conclusions about the appropriate financial accounting for this
4. If it is possible that there are different conclusions, does this mean that one conclusion is correct and that the others are wrong? If not, is one opinion better than the others? As you go down this later path, explain what you mean by a better conclusion.

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