The lower-of-cost-or-market rule can be applied to which of the following? a. major classes or categories of inventory b. the entire stock of inventory in the aggregate c. each individual inventory item d. all of these answer choices are correct.

The correct answer is letter "D": All of these answer choices are correct.

Explanation:

The lower-of-cost-or-market rule establishes that for accounting recording purposes a company should use the lowest cost of its inventory. The choices are only two: whether recording the inventories at the purchase price of the assets or the current market value. Whichever the lowest, it must be the correct option. The rule applies to pieces of inventory alone or for entire inventories.

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.