di it now and right

forms/d/e/1FAIpQLSeznHIM6zCPSbr MbeJF7EB1GOGKRjn4nR-3hFwEJ2xn4RhstQ/formResponse 10. When a single goods and services tax (GST) or Harmonized Sales Tax (HST) account is used, a credit balance in the account means that the government owes money to the business. O True False 11. Trekking Company has inventory with a net realizable value of $217,000 and a cost of $241.000. According to the guidance provided by the principle of faithful representation, the inventory should be written down to $217,000. O True O False Clear selection 12. Trekking Company's cost of inventory was $317.500. Due to phenomenal demand the net realizable value has increased to $323.000. Trekking Company should write up the value of inventory under the LCNRV rule. True False o F10 F11 + F12 Prisc Insert 6 & 7 8 C 9 ) o forms/d/e/1FAIpQLSeznHIM6zCPSbr MbeJF7EB1GOGKRjn4nR-3hFwEJ2xn4RhstQ/formResponse 10. When a single goods and services tax (GST) or Harmonized Sales Tax (HST) account is used, a credit balance in the account means that the government owes money to the business. O True False 11. Trekking Company has inventory with a net realizable value of $217,000 and a cost of $241.000. According to the guidance provided by the principle of faithful representation, the inventory should be written down to $217,000. O True O False Clear selection 12. Trekking Company's cost of inventory was $317.500. Due to phenomenal demand the net realizable value has increased to $323.000. Trekking Company should write up the value of inventory under the LCNRV rule. True False o F10 F11 + F12 Prisc Insert 6 & 7 8 C 9 ) o