What Is the Meaning of "Net Realizable Value

question 72

Multiple Choice

What is the meaning of "net realizable value"?

• A)The cost required to replace the productive capacity of an asset.
• B)The value of an asset in an input market or output market on the date of measurement.
• C)The value expected from the sale of an asset, net of any costs of disposal.
• D)The actual cost of an asset at the time it was purchased.

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Definitions:

Literacy Rate

The percentage of people within a population who have the ability to read and write, often used as an indicator of educational attainment and social development.

United Nations Universal Declaration

The Universal Declaration of Human Rights is a historic document adopted by the United Nations in 1948, outlining the rights and freedoms to which all human beings are entitled.

Human Rights

Fundamental rights that every individual is entitled to, regardless of nationality, sex, ethnicity, religion, or any other status.

Freedoms

The powers or rights to act, speak, or think as one wants without hindrance or restraint.