As an application of _________ principle, inventory costs should be written down when the inventory’s future cash flows are expected to be LESS than the inventory’s cost.

Are you having trouble answering the question “As an application of _________ principle, inventory costs should be written down when the inventory’s future cash flows are expected to be LESS than the inventory’s cost.”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

As an application of _________ principle, inventory costs should be written down when the inventory’s future cash flows are expected to be LESS than the inventory’s cost.

Answer: conservatism

We hope you have got the correct answer to your question “As an application of _________ principle, inventory costs should be written down when the inventory’s future cash flows are expected to be LESS than the inventory’s cost.”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *