Answer:
A. Final sales price reduced by cost to complete after split-off.
Explanation:
Net realizable value (NRV) is explained here to be the value of an asset that can be realized upon the sale of the asset, less a reasonable estimate of the costs associated with the eventual sale or disposal of the asset. It is a common method used to evaluate an asset's value for inventory accounting. NRV is a valuation method used in both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Many business transactions allow for judgment or discretion when choosing an accounting method.
A conservative approach means that the accountant should use the accounting method that generates less profit and does not overstate the value of assets.
Answer: $7,265,000
Explanation:
Question is to find the balance remaining for the Police at year end.
Please find the table attached:
= 10,000,000 - 1,800,000 + 1,790,000 - 1,750,000 + 975,000
= 7,265,000
Following are the correct terms for the descriptions provided.
1. Coverage
2. Risk Management
3. Insurer
4. Premium
5. Liability
6. Policy
7. Actuary
8. Claim
9. Deductible
10. Insurance
<h3>
Explanation</h3>
The correct answers for the explanation given in the question is described above.
An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.
<h3 />
Therefore the answers are following
1. Coverage
2. Risk Management
3. Insurer
4. Premium
5. Liability
6. Policy
7. Actuary
8. Claim
9. Deductible
10. Insurance
Learn more about Business at brainly.com/question/26538066
Answer:
it's 4, a skill you can use in many different situations
They are in the "collecting information" stage of planning.
