Why are inventories stated at lower-of-cost-or-market? a. To report a loss when there is a decrease in the future utility. b. To keep track of the market value of the inventory. c. To report a loss when there is a decrease in the future utility below the original cost. d. To permit future profits to be recognized.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why are inventories stated at lower-of-cost-or-market? a. To report a loss when there is a decrease in the future utility. b. To keep track ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Why are inventories stated at lower-of-cost-or-market? a. To report a loss when there is a decrease in the future utility. b. To keep track of the market value of the inventory. c.