The LCNRV Adjustment Decreases Cost of Sales,decreases Profit,and Decreases Reported

question 140

True/False

The LCNRV adjustment decreases cost of sales,decreases profit,and decreases reported inventory.

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Definitions:

Benzodiazepine

A class of psychoactive drugs known for their sedative and anxiolytic effects, often prescribed to treat anxiety, seizures, and insomnia.

Monoamine Oxidase Inhibitor

A class of medications used to treat depressive disorders by inhibiting the enzyme monoamine oxidase, thereby increasing the levels of certain neurotransmitters in the brain.

Phenothiazine

A class of antipsychotic drugs used to treat psychiatric disorders by altering the actions of neurotransmitters in the brain.

Ataxic

Referring to ataxia, a neurological sign characterized by impaired balance or coordination, often due to damage to the brain, nerves, or muscles.