When applying the lower cost or market rule to the valuation of inventory, the allowance method is considered preferable to the direct method because
A. the allowance method reports a higher inventory net valuation for balance sheet purposes than the direct method
B. the allowance method reports the inventory loss or loss recover in a separate income statement account
C. the allowance method, unlike the direct method, reduces the value of inventory reported on the balance sheet
D. the allowance method reports smaller losses than the direct method

Answers

Answer 1

It should be noted that the allowances method is considered preferable because B. the allowance method reports the inventory loss or loss recover in a separate income statement account.

It should be noted that the most common approach when implementing the lower cost is to apply it to each individual item of inventory separately.

When applying the lower cost or market rule, the market value should not exceed the net realizable value. Also, the allowance method is more preferable than the direct method because it reports the inventory loss or loss recover in a separate income statement account.

Learn more about cost on:

https://brainly.com/question/25735921


Related Questions

pancakes and waffles are:
a.complements
b.normal goods
c.substitute
d.inferior goods

Answers

Answer:

they are always compliments

Explanation:

is this based on our opinion?

I think pancakes and waffles are Complements

in 2013, the u.s. imported $2,294 billion of dollars in merchandise like computers, phones, coffee machines, and so on. in the same year, the us exported $1,593 billion of dollars in merchandise like cars, computers, phones, and so on. the difference of $702 billion dollars is known as ______________.

Answers

The balance of trade between the U.S. imports of $2,294 billion and its exports of $1,593 billion is known as the trade deficit.  The amount of the trade deficit is $701 billion.

Data and Calculations:

Total imports in 2013 = $2,294 billion

Total exports in 2013 = $1,593 billion

Trade deficit = $701 billion ($2,294 - $1,593)

Thus, the trade deficit arises when the U.S. imports goods of higher dollar value than its exports to other nations in 2013.

Learn more: https://brainly.com/question/24705483

Exhibit 13-1
Bank
Increase in Checkable Deposits
New Required Reserves
New Checkable Deposits Created by Extending New Loans
A$0
$0
$1,000
B
$1,000
(A)
(B)
C
(C)
$90
(D)
D
$810
(E)
(F)
Assume that the required reserve ratio is 10%, that there are no cash leakages, and that banks hold zero excess reserves.
Refer to Exhibit 13-1. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At the end of this process of money creation, what is the total amount of new checkable deposits?
a. $100,000
b. $10,000
c. $1,000
d. $1,000,000

Answers

Answer:

1,000,000"

Explanation:

How often is USPS mail typically delivered to a business?

Answers

Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.

Some customers are more valuable than others if they ______ the company. a. generate less revenue for b. communicate less with c. generate more revenue for d. communicate more with

Answers

Answer

communicate more with

Explanation:

Claire opened her own Starbucks franchise in her community. She is pleased with how quickly she was able to open her franchise and that she
was able to establish a good customer base from the start because of name recognition. However, since she started this business to be her
own boss, Claire is likely to

A. Invest in his own capital and national and local advertising programs
B. Take sole responsibility for all the decisions in the business
C. Embrace the franchisors restrictions because they lead to a greater chance for success
D. Resent the management training and support the franchiser provides
E. Get frustrated with the restrictions of the franchise

Answers

C. Embrace the franchise restrictions

Claire is likely to Embrace the franchisors restrictions because they lead to a greater chance for success option(c) is correct.

Who was Claire?

Claire was a person who gradually opened her Starbucks actually in her community she established a good customer base merely of her name in that organization.

As she is her own boss she accordingly embraces the franchisors restrictions which actually lead for more and more success of her.

Therefore Option(c) is correct.

Learn more about Claire here:

brainly.com/question/19558712

#SPJ2

Other Questions
Wjejjejjsnsbbnxkskakksnsnsnznsmsnndndd there is a bag filled with 6 blue and 5 red marbles. a marble is taken at random from the bag the colour is noted and then it is replaced. another marble is taken at random. what is the probability of getting 2 reds recipeQuestion: How many cups of sifted cake flour will you need for 2 cakes? Show your work. When Was there suspense in the book Chasing Lincolns Killer. If you could say a page that would be great. I really dont think this is going to be answered because whos going to know a page, but its worth a try. what restriction did the 1824 mexican colonization law place of colonization within texas Part AHow does the author organize this article?A. by describing events in the order in which they happenedB. by stating a problem and showing how Maureen solved itC. by comparing Maureens early life to her tennis-playing yearsD. by describing different situations and telling what caused each onePart BWhich sentences from the text best support your answer in part A? Select two options.A. "Many people think that Maureen Connolly was the best female tennis star who ever played."B. "She loved riding horses as a little girl, but her mother could not pay for riding lessons."C. "She then became the youngest girl to win the Female Under 18 United States Championship."D. "After all, "Big Mo" was a famous battleship of that time, strong and powerful."E. Acceleration of a car that speeds from 4.3 m/s to 12.9 m/s in 2 seconds A meter stick is attached to one end of a rigid rod with negligible mass of length l = 0.302 m. The other end of the light rod is suspended from a pivot point, as shown in the figure below. The entire system is pulled to a small angle and released from rest. It then begins to oscillate. A meter stick hung from a rod of length l. The rod is attached to the ceiling. The rod and meter stick extend downward in a straight line making a small angle with the vertical. (a) What is the period of oscillation of the system (in s)? (Round your answer to at least three decimal places.) Please solve these.You will get all of my points if you get all of them correct 1.What is the sum of4 |22 (1 point)++3011oIN IN NII am |00 0 HELP ME OUT PLEASE I RLLY NEED IT ASAP. ): A men's headgear in brunei that uses a piece of cloth and tied around the head. A.Dastar B. Songkok C. Kopiah D. Serban Sometimes there are barriers to eating healthy. Which statement below did you isn't a true barrier to healthy eating? cost culture taste accessibility?costtastecultureaccessibility Rachel has a $23,000 six year loan with APR of 7.25% this landmark was the site of an important battle during the texas revolution of 183536. what is the name of the landmark? Pls answer the questions, I would really appreciate it, thx, :) What areas does ABET provide accreditation?studentsprogramsinstitutionsteaching staffindustries Fitness is not just about sweating, its also about your ___________.A. weightB. sizeC. mindD. endurance can someone please help me! :) The act of ______________ yourself and then pushing for new limits is a key part of becoming a fit person.A. judgingB. measuringC. talking toD. motivating