Explain what is meant by the lower-of-cost-or-Net Realisable value method.
Question:
Explain what is meant by the lower-of-cost-or-Net Realisable value method.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The lowerofcostornet realizable value LCNRV method is an accountin...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
Question Posted:
Students also viewed these Business questions
-
You are an Audit Senior currently planning the 30 June 20X1 audit of Australian Timber Limited (ATL). ATL operates a timber sawmill in Wilga, Western Australia. ATL obtains its raw materials from a...
-
You have reviewed the work performed by your assistant, Raymond Snow, on the audit of Tin Ltd for the year ended 30 June 20X8 and you have noted the following two independent matters: (i) In testing...
-
Portray in words what transforms you would have to make to your execution to some degree (a) to accomplish this and remark on the benefits and detriments of this thought.You are approached to compose...
-
Using the case study, characterize Amazons approach to marketing communications.
-
The financial statements of M&S (GBR) are presented in Appendix A. The company's complete annual report, including the notes to the financial statements, is available online Instructions Refer to...
-
One student of the labor market effects of free trade argues that the government should offer wage insurance to workers who lose a job because of free trade. Under this proposal, the government would...
-
1. Read the text materials on feedforward, concurrent, and feedback control. 2. Read the Control Problem Situation and be prepared to resolve those control problems in a group setting. 3. Your...
-
1. What capabilities of an ERP system would be useful for a company like Just Sofas? 2. Describe the environment under which the ERP system was being implemented. Was due diligence conducted in...
-
SQL is a pervasive querying language. While there is one primary SQL dialect that all SQL RDBMS implementations must support, and that's ANSI SQL, each database platform comes out with its own...
-
The Schulte Tape Business has a beginning inventory for May of \(\$ 2500\) (250 tapes at \(\$ 10\) each) and makes the following purchases and sales of tapes during May: Required: Calculate the cost...
-
Explain the difference between a quantity discount and a sales (cash) discount.
-
Single-sideband modulation may be viewed as a hybrid form of amplitude modulation and frequency modulation. Evaluate the envelope and instantaneous frequency of an SSB wave for the following two...
-
The Sunshine Selina Lotus Hotel generally charges conference organisers $65 per delegate attending a one day conference. It also incurs $10 in variable costs per delegate. Over the last few years, it...
-
COS101 HW#7 - Data storage Part 2 1. Convert each of the following base ten representations to its equivalent two's complement representation in which each value is represented in eight bits. Show...
-
How can HIM professionals minimize non-compliance? What preventative action and corrective action should be taken when bundling has been identified?
-
CDS and a) Extract the Turkey default hazard rate from Turkey VS Risk Free Rate Curves provided below. Choose maturity. maturity and do the analysis for that specific Use recovery rate as 40%. CDS US...
-
How many fixed costs can you record against a task?
-
Predict the approximate chemical shifts, multiplicities and integrals for the absorptions in the 1H-NMR spectra of thesecompounds: CH2 b) .- COCH CH3 a) d) CH;CHCH CH3 c) CH;CH,NHCH,CH3
-
Does log 81 (2401) = log 3 (7)? Verify the claim algebraically.
-
The following is a list of 12 control plans from this chapter or from Chapters 8 and 9. Control Plans A. Enter customer order close to where customer order is prepared B. Turnaround document C....
-
The following is a list of 12 control plans from this chapter or from Chapters 8 and 9. Control Plans A. Customer credit check B. Review open sales orders (tickler file) C. Manual reconciliation of...
-
For Figure: Indicate the sequence of activities by putting numbers next to the data flows. For example, the Customer order in the upper left of the diagram would be number 1. Restart the numbers for...
-
What is a law passed by a legislative branch of government called? Also define legislative branch
-
What are the feedback mechanisms and tipping points that regulate ecosystem stability, regime shifts, and resilience in the face of global environmental changes, such as climate change, land use...
-
Given f(x)=x+5 and g(x)=x-5. Find and simplify (g(x)) Sketch the function h(x)=(4) " for -1
Study smarter with the SolutionInn App