Edwards & Bell defined Current values as;
A)values actually realized during the current period for goods sold.
B)values potentially realized during the current period for goods to be sold.
C)value of goods held during the current period.
D)value of good acquired during the current period.

Question

Quizplus · Accepted Answer

Current values are values that have actually been realized during the current period, specifically related to goods that have been sold. This does not include potential values or values related to goods held or acquired. Therefore, the best choice is A, values actually realized during the current period for goods sold.

Edwards & Bell Defined Current Values As;