Previous Page Next Page Page 1 of 8 Question 1 (5 points) When the net realizable value of inventory exceeds its cost, US-GAAP requires that companies write up the carrying value of inventory. True False Previous Page Next Page Page 1 of 8 Prev Page 2 of B Question 2 (5 points) When a company uses the Dollar-value LIFO method, inventory is debited only when the cash for the purchase is paid. True False Previous Page Next Pa