In general, the profitability of a firm is not considered to be important in determining the short-term, debt-paying ability of the firm

The primary basis of accounting for inventories is cost. A departure from the cos basis of pricing is the inventory is required where there is evidence that when the goods are sold in the ordinary course of business their

a) selling price will be less than their replacement cost b) replacement cost will be more than their net realizable value c) cost will be less than their replacement cost d) future utility will be less than their cost

What is the explosion of the MPS and what are the outputs?

What will be an ideal response?