The method of valuing inventory was developed to avoid reporting inventory at an amount that is than the benefits it can provide.

Question

The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits it can provide.

asked Dec 11, 2023 106k views

1 Answer

← Prev Question Next Question →

Ask a Question

Mine · Answer 1 · 2023-12-16T14:59:19+0000

Answer:

The lower of cost and NRV method of valuing inventory was developed to avoid reporting inventory at an amount that is greater than the benefits it can provide.

The method of valuing inventory was developed to avoid reporting inventory at an amount that is than the benefits it can provide.

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions