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These excerpts taken from the SMG 10-K filed Dec 3, 2008. Inventories
Inventories are stated at the lower of cost or market, the
majority of which are based on the
first-in,
first-out method of accounting. Reserves for excess and obsolete
inventory are based on a variety of factors, including product
changes and improvements, changes in active ingredient
availability and regulatory acceptance, new product
introductions and estimated future demand. The adequacy of our
reserves could be materially affected by changes in the demand
for our products or regulatory actions.
Inventories Inventories are stated at the lower of cost or market, the majority of which are based on the first-in, first-out method of accounting. Reserves for excess and obsolete inventory are based on a variety of factors, including product changes and improvements, changes in active ingredient availability and regulatory acceptance, new product introductions and estimated future demand. The adequacy of our reserves could be materially affected by changes in the demand for our products or regulatory actions. These excerpts taken from the SMG 10-K filed Nov 25, 2008. Inventories
Inventories are stated at the lower of cost or market, the
majority of which are based on the
first-in,
first-out method of accounting. Reserves for excess and obsolete
inventory are based on a variety of factors, including product
changes and improvements, changes in active ingredient
availability and regulatory acceptance, new product
introductions and estimated future demand. The adequacy of our
reserves could be materially affected by changes in the demand
for our products or regulatory actions.
Inventories Inventories are stated at the lower of cost or market, the majority of which are based on the first-in, first-out method of accounting. Reserves for excess and obsolete inventory are based on a variety of factors, including product changes and improvements, changes in active ingredient availability and regulatory acceptance, new product introductions and estimated future demand. The adequacy of our reserves could be materially affected by changes in the demand for our products or regulatory actions. This excerpt taken from the SMG 10-K filed Nov 29, 2007. Inventories
Inventories are stated at the lower of cost or market, the
majority of which are based on the
first-in,
first-out method of accounting. Reserves for excess and obsolete
inventory are based on a variety of factors, including product
changes and improvements, changes in active ingredient
availability and regulatory acceptance, new product
introductions and estimated future demand. The adequacy of our
reserves could be materially affected by changes in the demand
for our products or regulatory actions.
This excerpt taken from the SMG 10-K filed Dec 14, 2006. Inventories
Inventories are stated at the lower of cost or market, the
majority of which are based on the
first-in,
first-out method of accounting. Reserves for excess and obsolete
inventory are based on a variety of factors, including product
changes and improvements, changes in active ingredient
availability and regulatory acceptance, new product
introductions and estimated future demand. The adequacy of our
reserves could be materially affected by changes in the demand
for our products or regulatory actions.
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