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+--- Thread: is the NRV used in income statement (/showthread.php?tid=1986)
is the NRV used in income statement - barbarianlee - 05-11-2005
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
The second effect of change in value of inventory is obviously to the income statement.
SMR
- maani - 05-12-2005
yeah definitely...You have to use the same values in both statements...
Ace