How should sale staff commission be dealt with when valuing inventory at LCNRV?
A. Added to cost
B. Ignored
C. Deducted in arriving at net realizable value
D. Deducted from cost
Answer: C. Deducted in arriving at net realizable value
How should sale staff commission be dealt with when valuing inventory at LCNRV?
A. Added to cost
B. Ignored
C. Deducted in arriving at net realizable value
D. Deducted from cost
Answer: C. Deducted in arriving at net realizable value
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.