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

Accounting Information System

Accounting Information System

Authors: James A. Hall

7th Edition

978-1439078570, 1439078572

More Books

Students also viewed these Accounting questions

Question

★★★★★
The next dividend payment by ZYX, Inc., will be $2.85 per share. The dividends are anticipated to maintain a 4.5 percent growth rate, forever. If ZYX stock currently sells for $84 per share, what is...

Answered: 1 week ago

Question

★★★★★
Confronting Fear Describe a situation in which fear held you back from taking a risk or pursuing a goal. What caused your fear? How did you handle it then, and how would you handle i t n ow?...

Answered: 1 week ago

Question

★★★★★
=+a) Which will be smoother, a 50-day or a 200-day moving average?

Answered: 1 week ago

Question

★★★★★
Relating profitability to financial leverage a. Compute the rule of return on common shareholders' equity in each of the following independent cases. b. In which cases is financial 1everai'e working...

Answered: 1 week ago

Question

★★★★★
What is the present value (PV) of an investment that will pay $400 in one year's time, and $400 every year after that, when the interest rate is 5%? Select one A. $3600 B. $7200 C. $8000 D. $2400

Answered: 1 week ago

Question

★★★★★
Suppose a market maker sold short a call option when the underlying stock price was $50, and the delta of the option was 0.6. To make their position delta neutral, how many shares of the underlying...

Answered: 1 week ago

Question

★★★★★
Town of Bellington 1) In the background section, the case discusses the way that the new director uses to prepare a budget. What is your assessment of it? Are there any shortcomings? 2) The director...

Answered: 1 week ago

Question

★★★★★
Andretti Company has a single product called a Dak. The company normally produces and sells 88,000 Daks each year at a selling price of $56 per unit. The company's unit costs at this level of...

Answered: 1 week ago

Question

★★★★★
A Restaurant is experiencing long customer wait times and needs to increase capacity by 25% to satisfy the increased demand. Plenty of space and tables are available. Each waiter can handle 10...

Answered: 1 week ago

Question

★★★★★
There are several major obstacles that may prevent action from being taken to improve the effectiveness of OSHA. These obstacles include inadequate OSHA funding lack of government support for OSHA,...

Answered: 1 week ago

Question

★★★★★
A = Annual demand = 5 0 0 disk drives per year. N = Number of working days in a years at Applied Tech = 2 5 0 days per year H = Holding Cost per year for each disk drive = $ 1 0 / drive / year S =...

Answered: 1 week ago

Question

★★★★★
=+enhance the message and target a specific audience? Ultimately, the tone of voice you choose and the delivery mechanism, such as

Answered: 1 week ago

Question

★★★★★
=+vernacular or regional expressions, are crucial in establishing a credible link with your consumer.

Answered: 1 week ago

Question

★★★★★
=+like ma'am, ya'll, or fuggetaboutit from Texas, the deep South, or New York

Answered: 1 week ago

Previous Question Next Question