Under the Lower-Of-Cost-Or-Market Method, the Replacement Cost of an Inventory

question 13

Multiple Choice

Under the lower-of-cost-or-market method, the replacement cost of an inventory item would be used as the designated market value

• A) when it is below the net realizable value less the normal profit margin.
• B) when it is below the net realizable value and above the net realizable value less the normal profit margin.
• C) when it is above the net realizable value.
• D) regardless of net realizable value.

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Definitions:

Target Behavior

The particular behavior targeted for change through a behavioral intervention or plan.

Label Behavior

The act of categorizing or describing an individual's actions or characteristics based on observable behavior.

Consequences

Circumstances that change the environment shortly after a behavior is displayed and that affect the future performance of the behavior by serving to increase, decrease, or maintain it.

Stimulus

Any object or event that elicits a sensory or behavioral response in an organism.