Use the table below to answer the following question.
Table 1A.2.2
-Refer to Table 1A.2.2.What type of relationship exists between y and z?
Definitions:
Inventory Valuation
The method of calculating the cost associated with the inventory held by a business, influencing financial statements and taxation.
Net Realizable Value
The estimated selling price of goods, minus the estimated costs of completion and costs necessary to make the sale.
Interim Financial Report
A set of financial statements covering a period shorter than a full fiscal year, usually quarterly or semi-annually, to provide investors and other stakeholders with up-to-date information.
Inventory
The raw materials, work-in-process goods, and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.
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