Complete problem 6-13A and answer the questions below. What is the amounted needed...
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Accounting
Complete problem 6-13A and answer the questions below.
| What is the amounted needed to adjust inventory to its NRV? | Answer 1Choose...$96$292,777Going concern principle$19,723$12,188$273,054Faithful representation$285,242$119 |
| What is the Lower of Cost or Net Realizable Value for all inventory? | Answer 2Choose...$96$292,777Going concern principle$19,723$12,188$273,054Faithful representation$285,242$119 |
| What is the total cost of all inventory? | Answer 3Choose...$96$292,777Going concern principle$19,723$12,188$273,054Faithful representation$285,242$119 |
| What is the total net realizable value of all inventory? | Answer 4Choose...$96$292,777Going concern principle$19,723$12,188$273,054Faithful representation$285,242$119 |
| What is the accounting principle that requires that information be complete, neutral and free from error so that assets and profits are not overstated and liabilities and expenses are not understated. | Answer 5 |
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