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expense
Wiki User
∙ 12y ago
Anonymous
a measure of the operating cycle.
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Inventory on a classified balance sheet?
Inventory is par to current asset at asset side in classified balance sheet as inventory is used within one fiscal year.
Retail inventory or cost inventory?
retail inventory retail inventory retail inventory
Inventory carrying cost and cost of not having it?
Inventory carrying cost is that cost which is incurred by company to stock the inventory while cost for not having inventory means that cost which company has to bear due to non availability of inventory like loss of sales or good sales opportunity loss cost etc.
What inventory cost methods is appropinate for a business who has inventorynunique what a relative small number of?
The inventory cost of a business inventory is poo
Why is inventory classified as a current asset?
How to determine the total dollar amount of assets and how they can be classified as current assests.
What inventory method should be used when costs are falling and inventory quantities are stable?
at lower cost market
Inventory on a classified balance sheet?
Inventory is par to current asset at asset side in classified balance sheet as inventory is used within one fiscal year.
The Cost of Goods Sold account is classified as?
Expense on the income statement. The COI or Merchandise Inventory is reported on the balance sheet as an asset.
Retail inventory or cost inventory?
retail inventory retail inventory retail inventory
Inventory carrying cost and cost of not having it?
Inventory carrying cost is that cost which is incurred by company to stock the inventory while cost for not having inventory means that cost which company has to bear due to non availability of inventory like loss of sales or good sales opportunity loss cost etc.
If your company uses the lower-of-cost-or-market rule to value its inventory and original cost is 420 and replacement cost is 365 should the 365 be used on the balance sheet?
Yes, because this is the current value of the inventory.
What inventory cost methods is appropinate for a business who has inventorynunique what a relative small number of?
The inventory cost of a business inventory is poo
How to calculate liquor cost?
Beginning inventory minus ending inventory plus purchases (cost of goods sold) divided by liquor sales equals liquor cost, which should be between 22% and 28%, if you want to be a profitable business.
Why is inventory classified as a current asset?
How to determine the total dollar amount of assets and how they can be classified as current assests.
Merchandise inventory is classified on the balance sheet as a?
Current Asset
How is merchandise inventory classified on the balance sheet?
As a current asset
Are sales commissions classified as period costs?
They are classified as a selling cost or nonmanufactoring cost. They are classified as a selling cost or nonmanufactoring cost.
