Once Inventory Is Recorded,it Continues to Be Carried at the Amount

question 2

Multiple Choice

Once inventory is recorded,it continues to be carried at the amount initially recognized unless

• A)the market value increases over the initial cost
• B)the market value decreases below the initial cost
• C)the market value increases over the initial cost at year-end
• D)the cost to replace the inventory at year-end is below the initial cost of the inventory

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Definitions:

Counterconditioning

A behavioral therapy technique that involves replacing an undesired response to a stimulus with a desired response.

ACT Techniques

Refers to Acceptance and Commitment Therapy strategies, which involve accepting one’s emotional experiences and committing to action based on values and goals.

Differential Activation

The concept in psychology that certain stimuli can activate specific emotional, cognitive, or behavioral responses based on an individual's previous experiences.

Expanded Behavior Therapy

An extension of traditional behavior therapy that incorporates broader techniques and principles for modifying behavior.