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olasank [31]
3 years ago
10

What is the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory?

Business
1 answer:
Taya2010 [7]3 years ago
5 0

Answer:

The correct answer is letter "D": Prevents overstatement of the value of obsolete or damaged inventories.

Explanation:

The lower-of-cost-or-market method values assets according to the lowest value possible choosing between the market value or the asset's historical cost. This accounting principle is useful to avoid exaggerating the value of obsolete or damaged assets the firm might have in stock.

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How did the role of the onondaga people differ from the roles of the other four trives of iroquois nation?
maxonik [38]

According to Articles 1 and 10, the role of the Onondaga differs from that of the other four Iroquois tribes because the Onondaga land is planted with a tree of peace and they are firefighters.

The Mohawks, the Oneidas, the Onondagas, the Cayugas, and the Senecas fought against each other. There was massive bloodshed and death all around us. These people of the five nations have forgotten their ways, and their deeds grieve the creator. The creator decided to send messengers so that the five nations could live in peace. The messenger is called Peacemaker.

Peacemaker was born on the north shore of Lake Ontario. There he grew up with his mother and his grandmother. They quickly realized that this young man was a special person. He always spoke of peace and said that the creator had given him a powerful message.

Learn more about Onondaga here :

brainly.com/question/25785890

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4 0
2 years ago
What is tax payable????????
alukav5142 [94]
<span>It's like a type of a</span><span> account in the current liabilities section of a </span><span>company's um I think balance sheet.</span>

3 0
3 years ago
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What is a business cylcle
pentagon [3]

Answer:

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Explanation:

the one your mom is in is the largest they almost didnt have enough room for her and she is the main reason it is so big so she could fit inside

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a business circle is actually circle that that is for all the different jobs that are related

8 0
3 years ago
Your manager has asked you to recommend which of two new types of digital camera to buy for your company's publications departme
Marysya12 [62]
D. Scholarly article.
The scholarly article is most likely to be a reputable source, since the author is educated in the manner of what you are needed. The scholar is most likely to know what you are needing to know.
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What do most business people think is the primary purpose of business?
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