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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?
Wiki User
∙ 11y ago
replacement cost
Wiki User
∙ 11y ago
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What is Expected sales price less selling cost?
Its the net realizable value
Under the allowance method is the the cash realizable value of receivables is the same both before and after an account has been written off?
Under the allowance method, the cash realizable value of receivables is the same both before and after an account has been written off. True.
What is the best way that damaged merchandise that can be sold only at prices below cost should be valued at?
Net Realizable Value
Methods of allocating joint production cost to joint products?
Following are methods 1 - Splitoff point method 2 - Net realizable value method
What is the separate valuation principle in Accounting?
The Separate Valuation Principle states that inventory should be valued at the lower of cost (costs minus additional costs to make item saleable ,eg.conversion costs,transportation cost etc.) and its Net Realizable value.
How would you define a current cost?
Current cost. Replacement cost or net realizable value.
What rhymes with sizeable?
advisable realizable recognizable
What is the sentences including the word 'realizable'?
One method for creating a realizable approximation to an ideal filter is to truncate this impulse response outside of n ∈ [−M, M ].
How would you define net realizable value?
Net realizable value. The amount a firm can collect in cash by selling an item, less the costs (such as commissions and delivery costs) of disposition.
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
What is Expected sales price less selling cost?
Its the net realizable value
Under the allowance method is the the cash realizable value of receivables is the same both before and after an account has been written off?
Under the allowance method, the cash realizable value of receivables is the same both before and after an account has been written off. True.
How should damaged merchandise that can be sold only at prices below cost be valued at?
Net realizable value
What is the best way that damaged merchandise that can be sold only at prices below cost should be valued at?
Net Realizable Value
Methods of allocating joint production cost to joint products?
Following are methods 1 - Splitoff point method 2 - Net realizable value method
Should Revenues earned should be reported on the income statement regardless of cash being received or not?
Earned Revenues are not cash. Unless your using the cash basis (which isn't Generally Accepted Accounting Principles). You recognize revenue when it is realized, realizable, or earned. So if the company realized revenue through a sale, depending on when the title transferred to the buyer (FOB shipping point or FOB destination), the selling company would record the revenue. So to answer your question: Yes, you record Revenue on the Income Statement regardless if you received cash, as long of the title of ownership transferred for that particular product.
Why ideal filters are not realizable?
Ideal filters are not realizable because it would require a impulse response that extends from minus infinity to plus infinity, and it would be also a noncausal system. It may be proved on the frequency domain using the Paley-Wiener Criterion, which states that a square integrable magnitude response function |H(f)| is physically realizable if \int_{-\infty}^{+\infty} \frac{| \log_e |H(f)| |}{1+f^2} df < \infty Any ideal filter would require H(f) to have magnitude equals zero in a bandwidth and that would make | \log_e |H(f)| | infinitely large and the condition above would not hold.
