The Journal Entry to Write Inventory Up to the Net

question 48

Multiple Choice

The journal entry to write inventory up to the net realizable value would be:

• A) a credit to Losses
• B) a credit to Inventory
• C) a debit to COGS
• D) a debit to Inventory

---

Definitions:

Refugee Program

Formal initiatives designed to support individuals who have been forced to flee their home countries due to persecution, conflict, violence, or human rights violations.

Venture Capital

That part of household savings used to finance high-risk business enterprises in exchange for stock (and thus a share of any profit if the enterprises are successful).

Green-card Holders

Individuals who possess a United States Permanent Resident Card, authorizing them to live and work in the U.S. permanently.

Undocumented Workers

Individuals who are employed without legal authorization in a country, often lacking the necessary documentation or permits.