At December 31, 2011, Bosan Corporation Has 3,500 Units of Model

question 105

Multiple Choice

At December 31, 2011, Bosan Corporation has 3,500 units of model 63 and 2,500 units of model 64 in its ending inventory.Specific data with respect to each product follows: What amount will be reported for inventory on Boson's statement of financial position after the company applies LCNRV?

• A)W54,250,000.
• B)W49,300,000.
• C)W48,950,000.
• D)W48,700,000.

---

Definitions:

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the extent of poverty in a country.

Moral Obligation

A duty which one owes, and which one ought to perform, but which he is not legally bound to fulfill.

Rawlsian Justice

A theory of distributional justice that concludes that the social contract emerging from the “original position” would call for an income distribution that would maximize the well-being of the worst-off member of society.

Risk Averse

A preference for avoiding loss over making a gain.