Ask Question
BusinessBusiness
2 April, 12:13

What is the proper application of the lower of cost or market to value inventory

+4
Answers (2)
  1. 2 April, 12:15
    0
    It would be to apply the method to each item in the inventory.
  2. 2 April, 12:24
    0
    The proper application of the lower of cost or market to value inventory is to make sure you are applying the method to each item within the inventory. Market value is the price an asset would be doing best at. The market value or market capitalization refers to the company that is being publicly-traded.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the proper application of the lower of cost or market to value inventory ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A third-party neutral who resolves a labor dispute by issuing a final decision in the disagreement is
Answers (1)
Patrick, an attorney, is the sole shareholder of Gander Corporation, a C corporation. Gander is a personal service corporation with a fiscal year ending November 30 (pursuant to a § 444 election).
Answers (1)
Which of the following statements would qualify as a sedentary job? A) Construction worker B) Retail employee C) Office worker D) Baseball player
Answers (1)
Which of the following statements is TRUE? a. Stock dealers are not allowed to make money on the difference between stock purchase prices and stock sale prices. b. A bear market.
Answers (1)
How much tax do i pay if i make 100000 in california?
Answers (1)
New Questions in Business
For a portfolio of 40 randomly selected stocks, which of the following is most likely to be true? a. The beta of the portfolio is less than the weighted average of the betas of the individual stocks. b.
Answers (1)
What publication can give you an idea of how administrative jobs are going to change in the future? A: Office Pro B: Occupational Outlook Handbook C: From 9 to 5 D: The Executary
Answers (1)
At a four-way stop, if two cars arrive at the intersection at the same time: A) the larger car has the right of way B) the vehicle on the right yields to the vehicle on the left C) the smaller car has the right of way D) the vehicle on the left
Answers (1)
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,000 will be accepted.
Answers (1)
Zappos, the online shoe and clothing marketer, promises free shipping and free returns on any of its products, no questions asked. This is an example of how Zappos has a strong competitive advantage through
Answers (1)
Home » Business » What is the proper application of the lower of cost or market to value inventory
Sign Up Forgot Password?