Ans :-
Explanation :-
Every single other proclamation are right , The lower cost or market guideline of stock just perceives misfortune not pick up on stock .
So, The answer is Option ( d ) .
D. It incorporates both gains and losses in value that occur during the course of business.
Which of the following statements is incorrect regarding the lower-of-cost-or- market rule? 25. a. It is...
Lower of Cost or Market Stiles Corporation uses the lower of cost or market rule for each of two products in its ending inventory. A profit margin of 30% on the selling price is considered normal for each product. Specific data for each product are as follows: Product A Product B Historical cost $80 $96 Replacement cost 70 98 Estimated cost of disposal 32 30 Estimated selling price 150 120 Required: Assume that Stiles uses the FIFO inventory method. What...
Which of the following statements is incorrect regarding the decision rule for ARR? Select one: a. The decision rule for ARR varies among entities. b. Only investments with an ARR higher than the RRR should be considered. c. Generally, the investment with the highest ARR is to be accepted. d. Only investments with an ARR equal to the RRR should be considered.
Which of the following statements is incorrect regarding the decision rule for ARR? Select one: a. The decision rule for ARR varies among entities. b. Only investments with an ARR higher than the RRR should be considered. c. Generally, the investment with the highest ARR is to be accepted. d. Only investments with an ARR equal to the RRR should be considered.
Which of the following statements regarding the rule "like dissolves like" is incorrect? Multiple Choice OR O Since cooking oil is composed primarily of hydrocarbons, it is soluble in water О Oxygen, O2, is not very soluble in water, Methanol, CH3OH, is water-soluble Cooking oil, a nonpolar substance, is soluble in heptane. C7H16 < Prev 5 of 60 Search Next > OBI .
Which of the following statements is INCORRECT regarding proprietary theory? All profits and losses become the property of the owners of the company It does not make a distinction between debt and equity Financial reporting is based on the owner being the main focus of the financial statements The equity section of the balance sheet should be shown as: assets- liabilities=proprietorship
answer both please! thank you Which of the following statements regarding investment objectives is incorrect? a. The goals must be realistic in terms of economic conditions. b. The goals of investment objectives can be quickly met. c. The goals must be tailored to the individual. d. The goals must be oriented toward the future. • e. The goals must be specific and measurable. ex Hide Feedback Incorreet Check My Work (1 remaining) On January 1, 2018, Brad came up with...
[x] Your answer is incorrect. Try again. Which of the following statements is not true about recognition and subsequent accounting for financial liabilities? O They are initially recognized at their fair value. O After acquisition, they continue to be accounted for at fair value. O After acquisition, they are generally accounted for at amortized cost. Short-term liabilities, such as accounts payable, are usually recorded at their maturity value. Testbank, Question 5 3 Your answer is incorrect. Try again. Regarding zero-interest-bearing...
1. Which of the following statements regarding the efficient market hypothesis (EMH) is incorrect? A) An efficient market is a perfect market where you cannot make large profits. B) If the market is efficient in its strong form, it reflects all available, public and private, information. The semi-strong form efficiency means that market prices reflect all publicly available information. A market that only reflects the past price and volume information is a weak-form efficient market.
Which of the following statement is incorrect? The market values of the assets are the amounts the assets would earn on the open market if they were sold (or liquidated). We value individual shares of common stock by estimating the future value of the expected future net income and the expected price of the coupons when the coupons are sold. The replacement value of assets valuation method assumes that the market value of a complete business cannot exceed the amount...
Testbank, Question 3 Your answer is incorrect. Try again. Which of the following statements is not true about recognition and subsequent accounting for financial liabilities? O They are initially recognized at their fair value. O After acquisition, they continue to be accounted for at fair value. O After acquisition, they are generally accounted for at amortized cost. O Short-term liabilities, such as accounts payable, are usually recorded at their maturity value dy Testbank, Question 5 Your answer is incorrect. Try...