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goblinko [34]
3 years ago
15

A bank statement:

Business
1 answer:
eimsori [14]3 years ago
6 0

Answer:

4. shows the activities that increased or decreased the depositor's account balance.

Explanation:

A bank statement is a document that the bank sends to its customers in which there is a record of all the transactions that have been made in the account with the specific amounts deposited or withdrawn in a specific period of time. According to this, the answer is that a bank statement shows the activities that increased or decreased the depositor's account balance.

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Explanation:

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3 years ago
Cullumber Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at De
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Answer:

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= $4,888.

Explanation:

a) Data and Calculations:

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Light meters:

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b) The Lower of cost- or net realizable value method of valuing ending inventory determines the value by choosing the lower value between the cost price of the inventory and the net realizable value.  The purpose that is served by using the LCNRV method is that it reflects the decrease of inventory value when it goes below its original cost while at the same time it does not recognize the increased market value when the cost is lower.

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