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is the NRV used in income statement
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barbarianlee
05-11-2005, 12:24 PM
The NRV concept is usually used to value the inventory in the balance sheet, I am just wondering whether it can also used in income statement, any chance?
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smraza
05-11-2005, 04:25 PM
The second effect of change in value of inventory is obviously to the income statement.
SMR
maani
05-12-2005, 07:47 AM
yeah definitely...You have to use the same values in both statements...
Ace
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