Which of the following assets must be reported at the lower-of-cost-or-market value? A. Merchandise Inventory B. Accounts Receivable C. Notes Receivable D. Prepaid Insurance

The correct answer is letter "A": Merchandise Inventory.

Explanation:

Lower-of-cost-or-market value is a strategy by which the costs of inventory on the company's Balance Sheet is reported at historical value -purchase cost- or market value, whatever it is lower. The lower-of-cost-or-market approach considers the value of inventory can change, meaning it can increase but it can decrease as well. For both purposes, the lower-of-cost-or-market value can be used. This technique follows the Generally Accepted Accounting Principles (GAAP).

Therefore, merchandise inventory, which can fluctuate in price during a period, is reported using the lower-of-cost-or-market value method.

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.