Damaged and Obsolete Goods That Can Be Sold

question 185

Multiple Choice

Damaged and obsolete goods that can be sold:

• A) Are assigned a value of zero.
• B) Are included in inventory at their full cost.
• C) Should be disposed of immediately.
• D) Are included in inventory at their net realizable value.
• E) Are never counted as inventory.

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Definitions:

Toxic Compound

A chemical substance known to cause harm to organisms through its chemical action when ingested, inhaled, or comes into contact with skin.

Insecticide

Substances used to kill or control the population of insects, typically used in agriculture and household pest control.

Pathogen

An organism, typically a bacterium, virus, or other microorganism, that can cause disease in its host.

Inhalation

The act of breathing in; drawing air or other substances into the lungs.