An example of an inventory accounting policy that should be disclosed in a Summary of Significant Accounting Policies is the
A. Amount of income resulting from the involuntary liquidation of LIFO.
B. Major backlogs of inventory orders.
C. Method used for pricing inventory.
D. Composition of inventory into raw materials, work-in-process, and finished goods.
Ans: C. Method used for pricing inventory.
Business
You might also like to view...
As a result of a variety of innovations, the real costs of information processing and communication have _________________ over the past two decades
Fill in the blank(s) with the appropriate word(s).
Business
The Internet has moved the business model from ________ to ________
A) demand-pull; supply-push. B) supply-push; demand-pull. C) supply-pull; demand-push. D) demand-push; supply-push.
Business