Hannah has been selling laptops for $300 each that had a cost of $252.  By year end the net realizable value  of the laptops had fallen to $280.  At what value should the company's inventory of laptops be valued on December 31 of current year? Select one: a. $280 b. $300 c. $252 d. There is insufficient information to ans

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hannah has been selling laptops for $300 each that had a cost of $252.  By year end the net realizable value  of the laptops had fallen to $280.  At what value should the company's inventory of laptops be valued on December 31 of current year?

Select one:
a. $280
b. $300
c. $252
d. There is insufficient information to answer the question.
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