What is the right answer in the options? What amount of write-down is recognized on Dec. 31, 20xl?b. 78,000a. 12,000c. 90,000d. 0с. 17. Information on Bamboo Co.'s inventories on Dec. 31, 20x1 is asfollows:CostNRVRaw materials and factory suppliesFinished goods160,0001,780,000148,0001,870,000

The company should report the inventory at cost or net realizable whichever is lower. The write-down…

Answered: What amount of write-down is recognized…

Business

Accounting

What amount of write-down is recognized b. 78,000 on Dec. 31, 20x1? c. 90,000 a. 12,000 d. 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What is the right answer in the options?

What amount of write-down is recognized on Dec. 31, 20xl?
b. 78,000
a. 12,000
c. 90,000
d. 0
с.

17. Information on Bamboo Co.'s inventories on Dec. 31, 20x1 is as
follows:
Cost
NRV
Raw materials and factory supplies
Finished goods
160,000
1,780,000
148,000
1,870,000

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