Business, 27.03.2020 19:55 momoney9957

A Co. showed the following values for its inventory as of the end of its fiscal year: Historical cost $100,000 Current replacement cost 70,000 Net realizable value [NRV] 90,000 NRV less a normal profit margin 80,000 Fair value 96,000 What amount should the company report for inventory on its balance sheet

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A Co. showed the following values for its inventory as of the end of its fiscal year: Historical cos...

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