US GAAP inventory amt should be lower of cost or market. As sir has taught for replacement cost to be the answer it should lie within the band which is not the case here. As the upper band = NRV(110-15 =95) and lower band= NRV - Normal profit margin (95-20 =75) . As we can see 70 is outside the bandRead more
US GAAP inventory amt should be lower of cost or market. As sir has taught for replacement cost to be the answer it should lie within the band which is not the case here. As the upper band = NRV(110-15 =95) and lower band= NRV – Normal profit margin (95-20 =75) . As we can see 70 is outside the band hence the answer is 75
Hi thanks can you please elaborate a little more because par value is basically FV and it would mean that we are multiplying price by FV which isn't making sense to me.
Hi thanks can you please elaborate a little more because par value is basically FV and it would mean that we are multiplying price by FV which isn’t making sense to me.
inentory doubt
US GAAP inventory amt should be lower of cost or market. As sir has taught for replacement cost to be the answer it should lie within the band which is not the case here. As the upper band = NRV(110-15 =95) and lower band= NRV - Normal profit margin (95-20 =75) . As we can see 70 is outside the bandRead more
US GAAP inventory amt should be lower of cost or market. As sir has taught for replacement cost to be the answer it should lie within the band which is not the case here. As the upper band = NRV(110-15 =95) and lower band= NRV – Normal profit margin (95-20 =75) . As we can see 70 is outside the band hence the answer is 75
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Where did you get 150000 from?
Where did you get 150000 from?
See lessINCOME STATEMENT
No it's C
No it’s C
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Hi thanks can you please elaborate a little more because par value is basically FV and it would mean that we are multiplying price by FV which isn't making sense to me.
Hi thanks can you please elaborate a little more because par value is basically FV and it would mean that we are multiplying price by FV which isn’t making sense to me.
See lessTime value of money
Thank you
Thank you
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