Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has attempted to determine the replaceme

A company has attempted to determine the replacement of its inventory. Three different appraisers arrive...

70.2K

Verified Solution

Question

Accounting

A company has attempted to determine the replacement of its inventory. Three different appraisers arrive at substantially different amount for this value. However, the president decides to report the middle value for external reporting purposes. Which qualitative characteristic of information is lacking in these data?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Briefly explain the steps by which the pyruvate dehydrogenase complex converts pyruvate to acetyl CoA and...

Biology
Q

Suppose it is estimated that for every $1 spent on fatty fast food that government must...

Economics
Q

what is the name of five agent of sexually transmitted bactrial disease and explain each other...

Medical Sciences
Q

A 3.0 g latex balloon is filled with 2.8 g of helium. When filled, the balloon...

Physics
Q

Please include detailed work for answers A piston contains 770 moles of an ideal monatomic gas...

Physics
Q

Discuss how contract law plays a part in your workplace.

Operations Management
Q

An object of mass M is divided into two parts which are placed at distance...

Physics
Q

A NA N 4 14 N4 40 Me 4 103 4 ne MA 4 45...

Statistics
Q

Find the interval of convergence for the given power series The series is convergent from...

Calculus
Q

Reno company purchased equipment on January 1, 2012 for $82,000. The equipment is estimated to...

Accounting
Q

The standards for one case of Springfever Tonic are as follows: During the week ended...

Accounting
Q

Garrett Boone. Flint Enterprises' vice president of operations, needs to replace an automatic lathe on...

Accounting