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Presented below is selected information related to Sweet Acacia Electronics' inventory. (per unit) HDTV-50 HDTV-42 TV Stand Historical cost $462 $330 $66 Selling price
Presented below is selected information related to Sweet Acacia Electronics' inventory. (per unit) HDTV-50" HDTV-42" TV Stand Historical cost $462 $330 $66 Selling price 593 362 87 Cost to sell 34 17 2 Cost to complete 57 26 7 Determine the following: (a) the net realizable value for each item, and (b) the carrying value of each item under LCNRV. HDTV-50" $ HDTV-42" TV Stand (a) NRV LA (b) LCNRV
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
