Question

In: Accounting

In some cases, the price of goods and service is dependent on future events. Can you...

  1. In some cases, the price of goods and service is dependent on future events. Can you

    explain four activities that affects transaction prices and thus account receivable

    balance?

  2. In valuing inventory, the term goods in transit and consigned goods also determine as

    part of inventory cost. What is the difference between the two? Can you give

    example?

  3. Can you explain agricultural inventory valuation using NRV?

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