Which Statement Is Untrue

question 9

Multiple Choice

Which statement is untrue?

• A) Inventory is normally valued at cost.
• B) In certain circumstances some inventory items will be valued at below cost.
• C) In certain circumstances some inventory items will be valued at above cost.
• D) Net realisable value is related to estimated market value.

---

Definitions:

Endodermis

The innermost layer of cells in the root cortex of plants that regulates the transfer of water and nutrients to the vascular tissue.

Food Storage

Methods and techniques used to preserve food substances for later consumption.

Mesophyll

The inner tissue of a leaf, containing most of the chloroplasts where photosynthesis occurs.

Eudicots Leaves

Leaves of eudicot plants, typically characterized by a net-like pattern of veins.