An Item of Inventory Costing $750 Can Now Only Be

question 24

Multiple Choice

An item of inventory costing $750 can now only be sold at auction for $200. Auction costs of $50 will be incurred to make the sale. The net realisable value of the inventory is:

• A) $200
• B) $150
• C) $700
• D) $750

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Definitions:

Erikson

Psychologist Erik H. Erikson developed a theory of psychological development that identifies eight stages from infancy to adulthood, each characterized by a central conflict.

Continuous Development

A perspective on human development which sees changes as gradual and incremental, without sudden shifts or distinct stages.

Discontinuous Development

The concept that development occurs in distinct stages that are qualitatively different from each other rather than as a smooth, continuous progression.

Nature

The inherent qualities or characteristics of a person or thing; frequently contrasted with nurture, or environmental influences.