M. R. Wilson Supplies had merchandise inventory that cost $ 1 comma 900. The market value of the merchandise inventory is $ 1 comma 400. What value should Wilson Supplies show on the balance sheet for merchandise inventory? Record the adjusting entry, if one is needed. What value should Wilson Supplies show on the balance sheet for merchandise inventory? A. $ 1 comma 400 B. $ 1 comma 900 C. $ 500 D. $ 3 comma 300

M. R. Wilson Supplies had merchandise inventory that cost $ 1 comma 900. The market value of the merchandise inventory is $ 1 comma 400. What value should Wilson Supplies show on the balance sheet for merchandise inventory?

Merchandise inventory value = $ 1 comma 400. Option A

Explanation:

Record the adjusting entry is shown below:

                                              Debit               Credit

Cost of Goods Sold            $1400.00  

Merchandise Inventory                                      $1,400.00

Inventory is usually valued at lower of cost or market value.

Merchandise inventory value = $1,400  

Therefore, option A is correct.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: