Which of the Following Is Used for Market When Valuing

question 76

Multiple Choice

Which of the following is used for market when valuing inventory at lower-of-cost-or-market?

• A) Sales price less the company's normal mark-up percentage
• B) Current replacement price
• C) Cost plus the company's normal mark-up percentage
• D) Sales price

Differentiate between Book Value per Share and Par Value per Share.

Understand how dividends affect the financial statements and how they are recorded in journals.

Grasp the concept and accounting treatment of stock splits and their effect on par value and number of shares.

Understand the process and implications of declaring and paying dividends.