Once inventory is recorded,it continues to be carried at the amount initially recognized unless
A)the market value increases over the initial cost
B)the market value decreases below the initial cost
C)the market value increases over the initial cost at year-end
D)the cost to replace the inventory at year-end is below the initial cost of the inventory

Question

Quizplus · Accepted Answer

The Answer of Once inventory is recorded,it continues to be carried at the amount initially recognized unless
A)the market value increases over the initial cost
B)the market value decreases below the initial cost
C)the market value increases over the initial cost at year-end
D)the cost to replace the inventory at year-end is below the initial cost of the inventory

Once Inventory Is Recorded,it Continues to Be Carried at the Amount