Which of the Following Is Used for Net Realisable Value

question 32

Multiple Choice

Which of the following is used for net realisable value when valuing inventory at lower-of-cost-and-net-realisable-value?

• A)Sales price less the company's normal markup percentage
• B)Sales price
• C)Sales price less costs of completing,marketing,selling and distributing the inventory to customers
• D)Cost plus the company's normal markup percentage

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Definitions:

Psychological Disorders

Disorders that involve abnormal thoughts, feelings, and behaviors, impairing the ability to function.

Anorexia Nervosa

An eating disorder marked by an intense fear of gaining weight and a distorted body image, leading to severe restriction of food intake and weight loss.

Recurrences

The act or process of something happening again, especially undesirable events such as diseases or symptoms.

Muscle Dysmorphia

A psychological disorder characterized by a preoccupation with the idea that one's body is not muscular or lean enough.