Net realizable value is also known as the:
A)replacement cost.
B)wholesale price.
C)exit price.
D)input price.

Question

Quizplus · Accepted Answer

Net realizable value is the estimated selling price of an asset less the estimated costs of completion and disposal. It is also known as the exit price, as it reflects the amount which would be received if the asset were sold in an orderly transaction between market participants at the measurement date. Replacement cost, wholesale price, and input price are not accurate descriptors of net realizable value.

Net Realizable Value Is Also Known as The