Answer:
Unit value would be $24
Explanation:
Lower of cost is the method which is described as where the inventory that should be recorded at the lowest or the net realizable value (NRV). This method is linked with the principle or the guideline of conservatism.
When Ross is applying the method of lower of cost or net realizable value, to the ending inventory, the unit value would the cost per unit that is $24 and the selling price which is to be taken is $9 as it is the lowest.
Social costs are greater than private costs.
Option C
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A negative externality happens if an individual or a company decides not to pay the full cost of the action. If a product has a negative externality, it costs society more than the customer spends.
If people have a share of the costs associated with the production of goods, negative externalities exist and have no influence over the associated production decisions.
For example, because of expanded manufacturing practices in its vicinity, parents will have to pay higher healthcare costs associated with pollution-led asthma in their kids.
A major difference between IFRS and GAAP relates to the A Revaluation Surplus Account.
A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.
This reserve is only used when the organization prepares its financial statements in accordance with International Financial Reporting Standards. No revaluation reserve is allowed for companies using generally accepted accounting principles.
A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.
Learn more about Revaluation here: brainly.com/question/19908089
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The answer to this question is the Ethical organizational Cultures. The Ethical organizational Culture is the standards and principles that the business or company believes which makes an impact to the members of the organization and these values gives impact to them. Each company have a different or unique organizational culture.
