The value of inventories or stock is figured out at the lower of cost and Options: A . &nbspPurchase price B . &nbspOpportunity cost C . &nbspRealizable value D . &nbspNet realizable value

The value of inventories or stock is figured out at the lower of cost and

Question

The value of inventories or stock is figured out at the lower of cost and

Options:

A . Purchase price

B . Opportunity cost

C . Realizable value

D . Net realizable value

Answer: Option D

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Question 1. An overstatement in the value of closing stock overstates all of the following except....

Question 2. All of the following are the methods of inventory costing except....

Question 3. Which one of the following methods of inventory costing produces ending stock cost close to the market value of the inve....stock cost close to the market value of the inventory?

Question 4. Opening inventory + Net purchases = ?....

Question 5. Cost of goods available for sale - closing inventory = ?....

Question 6. NRV or net realizable value of inventory is the expected selling price or market value less....

Question 7. Under which method of inventory costing, a pre-determined cost is assigned to all items of inventory?....

Question 8. Term 'Credit' means _____ by the business....

Question 9. When a liability is reduced or decreased, it is recorded on the:....

Question 10. When capital is increased by an amount, it is recorded on the:....

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