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The amount of any inventory writedown of inventory to met realizable value is A. Recognized as component of cost of goods sold B. Recognized as other expenses

The amount of any inventory writedown of inventory to met realizable value is A. Recognized as component of cost of goods sold B. Recognized as other expenses

Financial Reporting, Financial Statement Analysis and Valuation
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter9: Operating Activities
Section: Chapter Questions
Problem 7QE
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The amount of any inventory writedown of inventory to met realizable value is

A. Recognized as component of cost of goods sold
B. Recognized as other expenses
C. Recognized as operating expenses
D. Deferred until the related inventory is sold

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