When Cost Is Greater Than Market Value, It Is Considered

question 2

True/False

When cost is greater than market value, it is considered a loss due to holding inventory.

---

Definitions:

Financing

The act of providing funds for business activities, making purchases, or investing.

Revoke

To officially cancel or withdraw something, such as a law, right, or offer.

Offer

A proposal presented by one party to another as a basis for negotiations or a potential contract.

Intention

The determination to act in a certain way or to achieve a specific outcome, often a key element in contract formation and criminal liability.