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The lower of cost or market basis of valuing inventories is an example of?
Wiki User
∙ 12y ago
conservatism
Wiki User
∙ 12y ago
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What is actuarial basis?
An actuarial basis is a calculated risk based on standard tables. For example, a life insurance premium is calculated on an actuarial basis depending on the persons age, sex, etc and their life expectancy.
What cost basis should I use to figure out capital gain for stock which was a gift?
If the fair market value (FMV) of the stock was greater than the donor's adjusted basis at the time of the gift, your basis is the donor's adjusted basis plus any gift taxes paid at the time of the gift. http://www.irs.gov/faqs/faq-kw77.html
How do you calculate adjusted cost basis in Sara Lee?
The best way to calculate adjusted cost for Sara Lee is to assess the market. If the product is not selling well they need to lower the price.
What is the Charitable contributions deductions for capital gain property?
If you donate a capital property to a registered non-profit organization that is approved by the IRS, you can deduct the lesser of the fair market value or your basis in the property.
Is the FL Accrual Basis or Cash Basis with Sales Tax?
cash basis
The situation that requires a departure from the cost basis of accounting to the lower of cost or market basis in valuing inventory is necessitated by?
Decline in the value of inventory
What inventory method does Walt Disney use?
Carrying amounts of merchandise, materials, and supplies inventories are generally determined on a moving average cost basis and are stated at the lower cost of market.
Inventories and stock are they the same?
Inventories is an abstract of all stocks meant for trading purpose in a business organization or a company and stock is part of the inventory. Trading purpose means buying and selling it on profit basis.
What has the author Robert Bruce Gibson written?
Robert Bruce Gibson has written: 'An examination of the fundamental basis for valuing political participation'
What is the basis of a market economy?
Supply And Demand is the basis of most activity in a market economy.
Dangers in reducing inventories?
When items are required on a breakdown basis and find out that there is not enough stock as a result of reducing it, this could lead to loss of production.
What are six business markets?
Business markets are classified under various forms: 1.On the basis of competition: Perfect competition,monopoly,monopolistic,oligopoly,duopoly,moopsony. 2.on the basis of area: local,provincial,national,international market 3.On the basis of time: very short period,short period,long period market 4. On the basis of quantity: wholesale and retail market 5. On the basis of legality: open and black market 6.On the basis of goods: commodity and factor market
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
What are three causes of a price change in a market?
Supply and demand cause price changes in a market as well as what the stock market does on a daily basis.
What is nifty and how it is calculated?
nifty is calculated on the basis of liquidity of stock and on the basis of market capailization. it is calculated by free flot method.
On what basis do various business enterprises divide the market?
Clothing manufacturers, for example, segment on the basis of age groups such as teenagers, young adults, and mature adults. Jewelers use gender to divide markets. Cosmetics and hair care companies may use race
What describes an economy in which prices form the basis for economic decidions?
market
