FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer with reason for all why the option is correct and why the other options are incorrect NRV or net realizable value of inventory

Please answer with reason for all why the option is correct and why the other options are incorrect NRV or net realizable value of inventory is the expected selling price or market value less 6. A.Carry value of the inventory B.Expenses necessary to complete sale C.Cost of the stock D.Replacement cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting For Managerial Planning Decision Making And Control

Cost Accounting For Managerial Planning Decision Making And Control

Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt

5th Edition

0759340412, 978-0759340411

More Books

Students also viewed these Accounting questions

Question

★★★★★
The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is...

Answered: 1 week ago

Question

★★★★★
If A and B are independent events with P(A) = 15 and P(B) = 12, then the conditional probability P(A|A B) is equal to (a) 410 (b) 310 (c) 12 (d)110 (e) 13

Answered: 1 week ago

Question

★★★★★
3.11 Refer to Exercise 3.10. a. Use the data entry method in your scientific calculator to enter the six pairs of measurements. Recall the proper memories to find the correlation coefficient, r, the...

Answered: 1 week ago

Question

★★★★★
Indianola Beef buys sides of beef to convert into three products: steaks, roasts, and ground beef. In April 2013, Indianola bought multiple sides of beef for $ 20,000 that were converted into the...

Answered: 1 week ago

Question

★★★★★
Unit Cost, Na Work-in-Process Inventories Whing Thenpy has a physical thenplut who performs electro-mechanicat treatments for its patiegts, During Aprl, tising had the following cost and output...

Answered: 1 week ago

Question

★★★★★
What is the overarching research objective and significance behind investigating the inherent risks associated with the utilization of digital technology, particularly within the realm of financial...

Answered: 1 week ago

Question

★★★★★
Ye' Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by determining the optimal number of oak boards to order. The annual demand...

Answered: 1 week ago

Question

★★★★★
The first use of aircraft for moving materials occurred in India, in 1911, when 6,500 pieces of mail were carried for a distance of five miles. Two other early mail flights, taking place in the same...

Answered: 1 week ago

Question

★★★★★
Many people who travel to the Czech Republic come back with tales of the history, people, majesty of the country, and stories of the beer that to some is the heart of the country. A spa in The Czech...

Answered: 1 week ago

Question

★★★★★
A service delivery process is a process enabling the delivery of a service. It requires a coupling between a provider and consumer and sometimes necessitates means. The service is returned as long as...

Answered: 1 week ago

Question

★★★★★
(a) From the information gathered from the rationale of hackers and impact of cyber- attack, organisations can improve their security posture against cyber adversaries. (i) (ii) (iii) Recommend and...

Answered: 1 week ago

Question

★★★★★
1 Under what circumstances, if any, do you think it would be appropriate for an employer to make use of such technology? It is estimated that 650 million in housing benefits is overpaid annually in...

Answered: 1 week ago

Question

★★★★★
1 How did Bigmouth create a presence in the awareness of students and universities? Bigmouthmedia is a digital marketing company offering services such as pay per click management, display...

Answered: 1 week ago

Question

★★★★★
1 What are the potential dangers of recruiting friends and acquaintances of current employees? Xansu Xansu, a UKbased outsourcing and technology business, rewards employees for introductions that...

Answered: 1 week ago

Previous Question Next Question