Answer:
$21
Explanation:
As we know that
The inventory should be recorded in the books of accounts by applying the lower value of cost or net realizable value
In the given case
The cost is $23
And, the net realizable value is
= Expected selling price - selling cost
= $36 - $15
= $21
So by comparing the cost and net realizable value, the net realizable value contains the lower value i.e $21 and the same is recorded on the balance sheet for inventory
Answer:
ur mom
im a free man in a free town in a country and a free world
Compounding is the process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest.
<h3>What is compounding?</h3>
This can be explained to be a situation where the interest that is made from a sum of money is added into the principal sum of money and reinvested.
The initial principal amount and the interest made after a period when added together is regarded as compounding.
Read more on compounding here:
brainly.com/question/24924853
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
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