Which Statement Best Explains "Net Realizable Value

question 8

Multiple Choice

Which statement best explains "net realizable value"?

• A)The amount required to re-manufacture an item of inventory.
• B)The amount that can be obtained from the sale of inventory less selling costs.
• C)The amount it would cost to repurchase an item of inventory.
• D)The lowest amount that can be obtained from the sale of inventory.

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Definitions:

Vaccine Injection

The administration of a vaccine through a needle introduced into the body to stimulate an individual's immune system against disease.

Procedure Codes

Numeric or alphanumeric codes used to identify specific health care services for billing and documentation.

HCPCS Level II

A standardized coding system used in the United States to classify healthcare services, supplies, and procedures not covered by the standard medical coding system.

Alphabetic Characters

Letters in the alphabet, used in the construction of words, including both lowercase and uppercase forms.