Business, 08.01.2020 03:31 iBrain

Determine which of the following statements are correct regarding damaged or obsolete goods. (check all that apply.)
 damaged or obsolete goods are not counted in inventory if they cannot be sold.
 if these can be sold… cost should be reduced to net realizable value
"selling price of inventory minus cost to sell"

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Determine which of the following statements are correct regarding damaged or obsolete goods. (check...