Question 7 of 14 Fill in the blanks: Information on Mocha Co. inventories shwon below: 2019 2020 90,000.00 35,000 00 Cost 60,000.00 NRV 40,000.00 es a Compute the gain on reversal of write-down recognized in 2020 te 10 < Previous ing Era m SY 21 TUAL WORK ITING pluebook pcu.edu.ph/student_take_quiz_assignment/display/223113267part=7&results=241387620%3

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 7 of 14
Fill in the blanks:
Information on Mocha Co. inventories shwon below:
2019
2020
Cost
60,000.00
90,000.00
NRV
40,000.00
35,000 00
es
a
Compute the gain on reversal of write-down recognized in 2020
te
10
< Previous
ing
Era
m SY
21
TUAL
WORK
ITING
pluebook pcu.edu.ph/student_take_quiz_assignment/display/223113267par=78results=2413876203
Transcribed Image Text:Question 7 of 14 Fill in the blanks: Information on Mocha Co. inventories shwon below: 2019 2020 Cost 60,000.00 90,000.00 NRV 40,000.00 35,000 00 es a Compute the gain on reversal of write-down recognized in 2020 te 10 < Previous ing Era m SY 21 TUAL WORK ITING pluebook pcu.edu.ph/student_take_quiz_assignment/display/223113267par=78results=2413876203
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