Brief Exercise 198 The Entertainment Center accumulates the following cost and net realizable value (NRV) data at December 31.

Inventory Categories Cost Data Market Data
Camera $11,200 $10,000
Camcorders 7,700 8,800
DVDs 13,900 12,700

Compute the lower-of-cost-or-net realizable value for company's inventory.

Which term refers to the cost that motivates an economic decision

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.