QUESTION 25 On November 1, Entity H accepted an 10% noter receivable Lue in 8 months from its customer in lieu of a $5,000 account recevabio. Regarding the not receivable, the customer is the drawe drawer payee maker Sabit toote and tit. Click Save All Antall QUESTION 22 If the lower-of-cost-or-net-realizable-value basis of valuing inventories indicates that the value of the inventory has declined what should management do? recognize the loss in the period in which the decline in value has occurred nothing because to recognize the loss would violate the historical cost principlo, nothing because there is always the possibility that the value of the inventory will increase wait until the inventory in sold to recognize any loss