A Company Has Inventory with a Sales Value of $34,000

question 77

True/False

A company has inventory with a sales value of $34,000, current net realizable value of $22,000 and a total cost of $23,400. Since the sales value exceeds both cost and net realizable value, no write down in inventory value is required.

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Definitions:

Leptin

A hormone produced by fat cells that regulates energy balance by inhibiting hunger.

Arcuate Nucleus

A nucleus in the hypothalamus involved in the regulation of many physiological processes, including appetite and fertility.

Modulation

The process of varying a property of a waveform, such as its amplitude or frequency, to encode information.

Hypothalamus

A region of the brain below the thalamus that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems, and involved in sleep and emotional activity.