Inventory That Originally Cost $11,200 Was Written Down to Its

question 1

Multiple Choice

Inventory that originally cost $11,200 was written down to its net realizable value of $9,400 at the end of 2021.At the end of 2022, the net realizable value is determined to be $11,700.At what amount should the inventory be reported on the December 31, 2022 statement of financial position?

• A)$11,700
• B)$11,200
• C)$9,700
• D)$9,400

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Definitions:

Social Information

Data derived from social interactions or contexts, used to guide behaviors and decisions.

Subregion

A smaller, distinct part within a larger region or area, often with its own unique characteristics or functions.

Hippocampus

The hippocampus is a vital region of the brain involved in memory formation, spatial navigation, and the processing of emotional responses.

Procedural Memory

A type of long-term memory that involves the memory of how to perform different actions and skills, essentially the memory of motor skills.