Net realizable value refers to
A) the net amount the company expects to realize from the sale.
B) the selling price.
C) the cost to replace the item.
D) the gross profit realized from the sale.

Question

Quizplus · Accepted Answer

Net realizable value refers to the net amount the company expects to realize from the sale, which takes into consideration any costs associated with completing the sale of the product. It is calculated by subtracting any expected selling costs, such as marketing expenses or sales commissions, from the expected selling price of the product.

Net Realizable Value Refers to