Ljafinlopez Ljafinlopez
  • 01-11-2016
  • Business
contestada

What accounting concept is employed when using the lower-of-cost-or-market valuation?

Respuesta :

syed514
syed514 syed514
  • 03-11-2016
Answer: Conservatism dictates the lower-of-cost-or-market inventory valuation.

Conservatism is any political philosophy that favors tradition in the face of external forces for change, and is critical of proposals for radical social change.
Answer Link

Otras preguntas

An equilateral triangle has an altitude of 21 inches. What is the side length of the triangle? 14√2 7√2 7√3 14√3 55 points simple question!
Which linear equation best represents the data given in the table? Answers y=7x+4 y=7x-4 y=4x+7 y=4x-7
they are fond of making baskets with intricate patterns and designs
What is the melting point of silver?​
they are fond of making baskets with intricate patterns and designs
Can someone help with this?
what negative impact did gold and silver mining have on the west?​
I don't know what I did wrong. Can you help me please?
Select the correct response from the drop-down menus to match each word beginning with its correct ending. plea Choose... lec Choose... sei Choose... tea C
Who crafted the Missouri Compromise, which was passed in 1820? Thomas Jefferson Henry Clay James Tallmadge Stephen Austin