Multiple Choice Question

1.) Walmart purchases plastic Halloween pumpkins for $5 each. Walmart believes that the pumpkins will sell for $4 each. The pumpkins should be valued at _____ on Walmart's Balance Sheet.

A.) $4 each

B.) $5 each

2.) Target purchases plastic Halloween pumpkins for $5 each. Target believes that the pumpkins will sell for $10 each. The pumpkins should be valued at _____ on Target's Balance Sheet.

A.) $10 each

B.) $5 each