Business, 20.12.2019 21:31 Homepage10
When inventory declines in value below original (historical) cost, and this decline is considered other than temporary, what is the maximum amount that the inventory can be valued at?
a. sales price
b. net realizable value
c. historical cost
d. net realizable value reduced by a normal profit margin
Answers: 1
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When inventory declines in value below original (historical) cost, and this decline is considered ot...
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