Senior Net Realizable Value

Test your Senior-level Inventory Valuation Net Realizable Value skills in Valuation Measurement Methods. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

How does a significant inventory write-down to NRV immediately impact the inventory turnover ratio (COGS / Average Inventory) for the current period?

A. It decreases the ratio by increasing average inventory.

B. It has no impact on the ratio until the goods are sold.

C. It increases the ratio by increasing COGS and decreasing ending inventory.

D. It decreases the ratio by decreasing COGS.

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