A. The balisice in the inveriocy account is atways up - to -date B. The ieventory account is updatod for each pur chase and sake C: Cuareat in'ormation rs avaiable for cost of goots soid D. A phyyical riveritory count is not roquiod A. 997 of 5130,000 B. lass of 5030000 c. bis of 5 t50 000 D. los of 5500000 Under the allowance mettiod, tha wrate = off of an uncollocteile account A. increases expenses - B. hes no ettect on net income C. has no effect on the aliowance for umcolloct ble accoumts D. tocreases fotal assets A. Ihe ifiventory at cost if the market value of invertory is figher than its cost basis 8. the itiventibly at the highter amount of cost of market on the batance sheet c. the difference between the cost basis and the market-based maasure of inventory as a giain on the income statienint D. the riventory at cost it the market valve of inventory is lownt than its cost basis The net ren'zable viske of accoints receivabio is calculated ai A.- gross receivableg minus-saies discounts forfelted B. ned recevablies plus sales discotnts forfeited C. gross receivables munus alliowance for uncollectble accounts D. gross receivables minus sales discounts taken