The primary basis of accounting for inventories is cost. A departure from the cost basis of pricing the inventory is required where there is evidence that when the goods are sold in the ordinary course of business their
a. selling price will be less than their replacement cost.
b. replacement cost will be more than their net realizable value.
c. cost will be less than their replacement cost.
d. future utility will be less than their cost.
Answer: d. future utility will be less than their cost.
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Because of _____, a company's nationality is not always obvious.
A. their dispersed operations B. the official language they use C. their stringent laws D. the quality of their products
Disputants interpret or "frame" conflict situations using what three dimensions?
What will be an ideal response?
The goal of _____ refers to the extent to which business channels enable a supplier firm to reach, develop, and serve targeted segments and customer firms
Ideally, supplier firms seek channels that provide coverage and exposure to as many profitable customers as possible. a. market access b. value-added c. cost-to-serve d. total customer experience
Drew Cane Products, Inc., processes sugar cane in batches. The company buys a batch of sugar cane from farmers for $90 which is then crushed in the company's plant at a cost of $11. Two intermediate products, cane fiber and cane juice, emerge from the crushing process. The cane fiber can be sold as is for $21 or processed further for $13 to make the end product industrial fiber that is sold for $45. The cane juice can be sold as is for $41 or processed further for $29 to make the end product molasses that is sold for $103. What is the financial advantage (disadvantage) for the company from processing one batch of sugar cane into the end products industrial fiber and molasses rather than not processing that batch at all?
A. ($143) B. $5 C. ($39) D. $44