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1. c
2. a
3. c
4. a
5. a
6. d
1. c
2. b
3. b
4. d
5. c
1. b
2. c
3. g
4. g
5. c*
ANSWERS FOR MULTIPLE-CHOICE QUESTIONS
Chapter 2
Chapter 3
Chapter 4
* The net realizable value is the subsequent sale price, $40, less any cost incurred to bring the good to its salable condition, $15. Thus, NRV = $40 – $15 = $25 per
pack. The loss (inventory write-down) per pack is the difference between cost and net realizable value: $50 – $25 = $25 per pack.
1. c
2. b
3. c
4. d
5. a
1. c
2. a
3. b
4. a
5. c
6. c
7. d
8. a
9. d
10. a
1. d
2. c
3. b
4. d
5. c
Chapter 5
Chapter 6
Chapter 7