by: Admin_LouisPosted on:

What is the formula for eliminating realized profit from goods sent to branch at cost plus 25%

What is the formula for eliminating realized profit from goods sent to branch at cost plus 25%
2.5% of realizable cost
2.5% of value of sold stock
25/125 of value sold stock at hand
25/125x value of unsold stock

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  1. Valuing inventory at lower of cost or Net Realizable Value (NRV) is an application of the accounting concept of:
  2. An accounting concept which separated the owner of the business and the business is known as:
  3. all the following are charge to appropriation account excepts
  4. periodic payments made by the lesser to the lessor are called

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