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Valuation Bases
Agricultural Inventory NRV
Biological asset (classified as a non-current asset) is a living
Pendapatan -- Akresi animal or plant, such as sheep, cows, fruit trees, or cotton
plants.
LO 2 Explain when companies value inventories at net realizable value. LO 2 Explain when companies value inventories at net realizable value.
LO 2 Explain when companies value inventories at net realizable value. LO 2 Explain when companies value inventories at net realizable value.
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3/26/2018
Valuation Bases
Illustration: Bancroft makes the following summary entry to record the
milk harvested for the month of January.
Cash 38,500
Sales 38,500