Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what condition(s) is/are necessary in order for in

What condition(s) is/are necessary in order for inventory to be measured at net realizable value?...

70.2K

Verified Solution

Question

Accounting

What condition(s) is/are necessary in order for inventory to be measured at net realizable value?

a. Sale must be assured, or there is an active market in which there is minimal risk of failure to sell

b. Disposal costs can be estimated.

c. It is in accordance with well-established industry practice.

d. All of these choices are necessary.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

A.)Use the steady-state approximation B.)And the rate determining step approximation to derive the rate equation.The gas-phase...

Psychology
1.2K views

Integrating information from the Levitt article, discuss why gun control laws don’t work, yet imprisonment of...

Mechanical Engineering
1.2K views

A pair of helical gears is used with the following properties: 14.5 degree normal pressure angle,...

Advance Math
1.2K views

1. A wholesale company has nine storage depots which it proposes to rationalize. Four depots, Q,...

Biology
1.2K views

Select the best answer for the question 4 What are used by the project architect...

Physics
1.2K views

A satellite is moving in a circular orbit around earth at a height R above...

Calculus
1.2K views

Consider the following function x x 3 4 Step 1 of 2 Determine the more...

Algebra
1.2K views

4 Find the determinant of the following matrix using elementary row operations 4 2 2...

Accounting
1.2K views

Data concerning Wang Corporation's single product appear below: (Do not round your intermediate calculations.) Selling...

Accounting
1.2K views

What are the corporate governance issues raised, and how might they be addressed in a...

Accounting
1.2K views

An event is remotely possible and the related liability is estimable. It will a....

Accounting
1.2K views

Use the following information about Lund Corporation for the month of August to prepare a...