Commodity Broker-Traders

Multiple Choice

Commodity broker-traders

A) Produce or raise commodities such as corn, wheat, or precious metals.
B) Hold their inventory primarily to sell the commodities in the near term and generate a profit from price fluctuations.
C) Value their inventories at the lower-of-cost-or-net realizable value (LCNRV) .
D) All of the choices are correct regarding broker-traders.