If a Unit of Inventory Has Declined in Value Below

question 147

Multiple Choice

If a unit of inventory has declined in value below original cost, but the market value exceeds net realizable value, the amount to be used for purposes of inventory valuation is

• A) net realizable value.
• B) original cost.
• C) market value.
• D) net realizable value less a normal profit margin.

---

Definitions:

Sigmund Freud

The individual from Austria who established psychoanalysis as a treatment approach, focusing on diagnosing and treating mental illnesses through discussions between a therapist and the individual receiving treatment.

Hermann Ebbinghaus

Hermann Ebbinghaus was a German psychologist who pioneered the experimental study of memory and is known for discovering the forgetting curve.

Repressed Memories

Memories of events or experiences that have been unconsciously blocked due to being associated with a high level of stress or trauma.

Sexual Abuse

Unwanted sexual activity, with perpetrators using force, making threats or taking advantage of victims not able to give consent.