If Inventory Item X Has a Cost of $49,000 and a Net

question 29

Multiple Choice

If inventory item X has a cost of $49,000 and a net realisable value of $60,000 while inventory item Y has a cost of $2,000 and a net realisable value of $500, closing inventory will be valued at:

• A)$60,000.
• B)$62,000.
• C)$51,000.
• D)$49,500.

Understand the components of skill-related fitness.

Learn how to choose an exercise program based on fitness levels and goals.

Comprehend the role of cardiorespiratory endurance in performing aerobic activities.

Know the significance of selecting appropriate exercise gear and precautions for safe exercise.

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Definitions:

Agent's Crime

Illegal acts committed by an individual (agent) acting on behalf of another party.

Scope of Employment

The range of activities an employee is reasonably expected to do as part of their job.

Principal

A person or entity who authorizes another (the agent) to act on their behalf, often in a legal or business context.

Liable

Being legally responsible for something, typically a debt or a legal obligation.