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What happens when the value of inventory is lower than its cost- 1- th.pdf

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What happens when the value of inventory is lower than its cost? 1. the inventory is adjusted to historical cost 2. no action is required 3. the inventory is written down to its net realizable value 4. a note is added to the financial statements to inform the readers.

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What happens when the value of inventory is lower than its cost? 1. the inventory is adjusted to historical cost 2. no action is required 3. the inventory is written down to its net realizable value 4. a note is added to the financial statements to inform the readers

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