3 years ago

The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is:

1 answer:

7 0

The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is an increase.

A write-down of inventory to net realizable value is typically recognized as an increase in cost of goods sold in the period of the write-down, according the inventory equation:
ending inventory = beginning inventory + purchases - cost of goods sold

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Joint Tenancy

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Mains Corporation owns equipment with a cost of $290,000 and accumulated depreciation at December 31, 2014 of $150,000. It is es

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(a)$0

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