What is the value of "G"?

Why are inventories stated at lower-of-cost-or-market?

a. To report a loss when there is a decrease in the future utility. b. To be conservative. c. To report a loss when there is a decrease in the future utility below the original cost. d. To permit future profits to be recognized.

With regard to tax recognition of alimony in connection with a 2016 divorce, which one of the following statements is true?

a) Payments may be made in cash or property. b) The divorced couple may be members of the same household when payments are made. c) If the payor spouse pays premiums for insurance on his life as a requirement under the divorce agreement, the premiums are alimony if the payor spouse owns the policy. d) Payments must terminate at the death of the payee spouse.