Question: Please do all. 1) a. C. 2) Goods in transit at the balance sheet date should be included in the purchaser's inventory if they are
1) a. C. 2) Goods in transit at the balance sheet date should be included in the purchaser's inventory if they are shipped: F.O.B Destination F.O.B. Shipping Point No No b. No Yes Yes No d. Yes Yes What is not a variable that is considered in interest computations? a. Principal. b. Interest rate. C. Assets. d. Time. When valuing raw materials inventory at lower-of-cost-or-market, what is the meaning of the term "market"? a. Net realizable value b. Net realizable value less a normal profit margin c. Replacement cost, Net realizable value, or Net realizable value less a normal profit margin. d. Discounted present value 3)
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