The accountant is required to report the NRV (net realizable value) of $5,000 ($10,000 - $2,000 - $3,000) on the balance sheet and a write-down lack of accounting conservatism $5,000 on the earnings assertion (even if the goods haven't been offered yet). On the opposite hand, the reverse is true...
ROPA PARA MUJER Y HOMBRE
