167k views
4 votes
The lower of cost or market basis of valuing inventories is an example of

1 Answer

4 votes

Answer:

C. conservatism

Step-by-step explanation:

The lower of cost or market basis of valuing inventories is an example of conservatism. This term refers to trying to anticipate possible future losses, instead of gains and making certain decisions in order to limit those losses. Which some decisions may include lowering costs and/or prices in order to sell more and cover those potential losses.

User Ash Belmokadem
by
4.0k points