In a certain manufacturing industry, some amount of air pollution is unavoidable. What would be a reasonable CSR approach for a business to

take in light of this fact?

A. Limit the pollution as much as possible, and invest in research into

new production methods that would be more environmentally

friendly.

B. Because some pollution is unavoidable, the business need not

concern itself with spending money in better equipment and

technology.

C. Because the air pollution is unavoidable, the business should

move into a different field of industry if they are truly committed to

CSR values.

D. Because the pollution is unavoidable, consumers will not holly the

company responsible; the company has no need to implement any

costly practices.

Example1 lcnrv: ted company uses the lower of cost or nrv method in valuing its inventory items. the inventory at december 31, 2017, consists of products a, b and c, each having 1,000 units. relevant unit data for these products appear below: item a item b item c cost $ 80 $80 $80 estimated selling price 180 100 90 estimated selling cost 30 30 30 required: using the lower of cost or net realizable value rule, determine the proper value of inventory for balance sheet reporting purposes at december 31, 2017. prepare any necessary journal entry. apply the lower of cost or nrv method: • on an individual inventory basis; • on a group basis; • on a total inventory basis. solution worksheet: inventory (on an individual basis): inventory value item nrv cost lc- item a item b item c total inventory (on a group basis): inventory value item nrv cost lc- group 1 (item a and b) group 2 (item c) total inventory (on an aggregate inventory basis): inventory value item nrv cost lc- total inv