Match each of the following terms with the appropriate definition.
-The expected sales price of an item minus the cost of making the sale.
A)Conservatism constraint
B)Inventory turnover
C)Net realizable value
D)Retail inventory method
E)Days' sales in inventory
F)Weighted average inventory method
G)Interim statements
H)LIFO method
I)FIFO method
J)Specific identification method

Question

Quizplus · Accepted Answer

Net realizable value is defined as the estimated selling price in the ordinary course of business, minus reasonably predictable costs of completion, disposal, and transportation.

Match Each of the Following Terms with the Appropriate Definition