Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Basic Question 11 of 24
At year-end, all costs of goods available for sale either become cost of goods sold or ending inventory. True or False?
User Contributed Comments 2
| User | Comment |
|---|---|
| vatsal92 | It means either inventory is COGS or Closing stock. |
| kieranjh | don't the goods have to actually be sold to be COGS? it seems logical that an unsold good is just inventory. |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe general principles of expense recognition, specific expense recognition applications, implications of expense recognition choices for financial analysis and contrast costs that are capitalized versus those that are expensed in the period in which they are incurred
CFA® 2024 Level I Curriculum, Volume 2, Module 2.