The Accounting Review Vol. 41 No. 4 1966
Inventory: Lower of Cost or Market.
Abstract
The article discusses possible valid combinations of replacement market-ceiling-floor-cost and demonstrate a computer solution that identified the lower of cost or market for accounting students. Allan R. Dreblin discussed twelve possible valid combinations. Meanwhile, Maurice A. Hartman presented a method to help the student find the lower of cost or market. Another method is applicable to all of the twelve combinations of replacement market-ceiling-floor-cost and does not involve exceptions
- DOI
- 10.2308/tar-4509407
- Volume
- 41
- Issue
- 4
- Pages
- 772-772
- Language
- en
- Sources
- openalex crossref