Kincaid company applies the lower-of-cost-or-market rule to each individual item in its ending inventory. the company determines that it must write down its inventory by $4,000. which of the following answers reflects how this inventory write-down would affect kincaid’s financial statements?

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.