The lower-of-cost-or-net realizable value can be applied to total inventory, groups of similar items, or to each item. Groups of similar items results in the largest write downs.
What is supposed of inventory?
Inventory refers to all the items, items, merchandise, and substances held by way of a enterprise for promoting within the market to earn a profit. instance: If a newspaper dealer uses a vehicle to supply newspapers to the customers, simplest the newspaper might be considered stock. The automobile could be treated as an asset.
What are inventory items?
Inventory is the objects/products a company has to sell, in addition to the substances had to create those products. The 3 foremost classes of inventory are uncooked materials, paintings-in-progress and finished goods. An example of raw substances inventory would be the magnesium in an alloy wheel.
What's the purpose of inventory?
The primary feature of inventory is to provide operations with an ongoing deliver of materials. To acquire this function effectively, your commercial enterprise ought to try to find a sweet spot among an excessive amount of and too little, with out ever walking out of inventory.
Learn more about inventory here:- brainly.com/question/24868116
#SPJ4
Answer:
The answer is letter B, Denied powers.
Explanation:
In order to provide "checks and balances" in the government, they are also prohibited to do some actions, thus limiting their power or the concentration of power within them. This power is what you call "denied powers."
"Denied powers" extend to both the National government and the State government. For example, the National government is not allowed to violate the Bill of Rights nor to change state boundaries. The State government is also not allowed to print money nor to suspend the right of a person without due process.
<u>This kind of power prevents one branch from becoming more powerful than the other.</u>
Answer: The more educated the people the more they will be motivated to help people and make changes.
Explanation:
Answer:
Body
Explanation:
In the body of the standard fraud examination report, the investigator discloses the identity of the individual who is implicated for examination fraud. In this section also, all background information about this individual is discussed. In this section, information like the date of birth, where the culprit has worked before, and other background information is reported here.
