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what is benefits of holding inventories
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Is inventories considered an asset or liability?
Inventories are those costs the benefits of which has to be taken by company in future time period while payment made already as these are part of future revenue generating activities that's why inventories are assets of company.
The lower of cost or market basis of valuing inventories is an example of?
conservatism
Why are inventories included in the computation of net income?
To determine cost of goods sold
Regardless of the inventory cost flow assumption used inventories on the balance sheet are stated at a realizable value b the lower of cost or market c original cost d replacement cost?
replacement cost
The specific identification method of costing inventories is used when the?
company sells a limited quantity of high-unit cost items.
Is inventories considered an asset or liability?
Inventories are those costs the benefits of which has to be taken by company in future time period while payment made already as these are part of future revenue generating activities that's why inventories are assets of company.
The lower of cost or market basis of valuing inventories is an example of?
conservatism
Why are inventories included in the computation of net income?
To determine cost of goods sold
Features of retail marketing point wise?
1. Providing Assortment on products and services, 2. Breaking Bulk 3.Holding Inventories
Regardless of the inventory cost flow assumption used inventories on the balance sheet are stated at a realizable value b the lower of cost or market c original cost d replacement cost?
replacement cost
Does the cost outweigh the benefits or the benefits outweigh the cost?
It depends on the item and price. A roll of toilet paper at $10.00 would be cost outweighs the benefits. A prescription of antibiotics at $4.00 would be the benefits outweigh the cost.
Opportunity cost of holding money?
The opportunity cost of holding money is the nominal interest rate.
May a person inherit the benefits of holding public office from an ancestor?
May a person inherit the benefits of holding public office from an ancestor and what article of US Constitution?
What is the cost of holding current assets?
segnificence of holding current
The specific identification method of costing inventories is used when the?
company sells a limited quantity of high-unit cost items.
What are dormant inventories?
The costs of dormant inventories--goods not immediately convertible into cash
What is the plural possessive of the word inventory?
The plural is inventories. The plural possessive is inventories'.
