Ljafinlopez Ljafinlopez
  • 01-11-2016
  • Business
contestada

What accounting concept is employed when using the lower-of-cost-or-market valuation?

Respuesta :

syed514
syed514 syed514
  • 03-11-2016
Answer: Conservatism dictates the lower-of-cost-or-market inventory valuation.

Conservatism is any political philosophy that favors tradition in the face of external forces for change, and is critical of proposals for radical social change.
Answer Link

Otras preguntas

What will raising a quantity to a negative exponent would produce?
The increase in life expectancy over the last fifty years is linked to improvements in medical and other technologies. Write four to six sentences that identify
Basketball fans were asked whether they liked LeBron James in Miami or in Cleveland. 20 people said they liked him in both Miami and Cleveland, 10 people said t
The answer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In what ways do you think the geography of Southern Europe made trade and exploration possible ?
which of the following statements adout famine is true?A) During a famine, more people die from people die from disease the from starvation. B) Most victims of
What does it mean when the two lines on your palms meet?
Is 1000 feet greater than or less than 300 yards.
05.06 To increase your standard of living, your wages must A. Rise faster than the inflation rate B. Rise more slowly than the inflation rate C. Keep pace wit
The table shows the monthly rainfall at a measuring station. What is the mean monthly rainfall? Round your answer to the nearest thousandth. The mean monthly ra