Match the Costs That Might Be Included as Part of the Cost

question 233

Multiple Choice

Match the costs that might be included as part of the cost of inventory to the listed accounting treatment. (Choices may be used more than once.)
-invoice price paid for resale goods

• A)added to inventory cost
• B)subtracted from inventory cost
• C)not an inventory cost

---

Definitions:

Indirect NCI

Non-controlling interest (NCI) that is not directly held by another entity but is held through one or more intermediaries.

Pre-acquisition Equity

The equity value of a company before it is acquired by another firm, used to assess the financial position prior to the acquisition.

Multiple Consolidation Method

A financial accounting approach used to combine the financial statements of multiple entities within a corporate group, considering complex ownership structures.

Multiple Consolidation Method

A technique in accounting that allows for the combination of financial statements from different entities within a group, through methods such as equity or proportional consolidation.