ifre chapter 1, conceptual multiple
ulty University- College of Distance Education - Financial Accounting 1-37
Part I: Write "true" if the statement is correct or "false” if it is incorrect on the
answer sheet. (5 points)
1. When the future revenue producing ability of the inventory is above its original cost the
companies should reports their inventory value with LCNV method.
32. Enhancing aunlit
