[DoDeY]

بالنسبة لشابتر ٦ دي الاسئله اللي معانا من التست بانك

113. Inventory is reported in the financial statements at
a. cost.
b. market.
c. the higher-of-cost-or-market.
d. the lower-of-cost-or-market.

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114. The lower-of-cost-or-market basis of valuing inventories is an example of
a. comparability.
b. the cost principle.
c. conservatism.
d. consistency.

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115. Under the lower-of-cost-or-market basis in valuing inventory, market is defined as
a. current replacment cost.
b. selling price.
c. historical cost plus 10%.
d. selling price less markup.

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و سؤال ١١٧

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