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Portman Inc

Question 47

Multiple Choice

Portman Inc.uses the conventional retail inventory method.Expressed in millions of dollars,information about Portman's 2016 inventory account is expressed in the table below:
Portman Inc.uses the conventional retail inventory method.Expressed in millions of dollars,information about Portman's 2016 inventory account is expressed in the table below: What is the value of Portman's inventory at 12/31/16? A) $150 million. B) $252 million. C) $300 million. D) None of these answer choices are correct.
What is the value of Portman's inventory at 12/31/16?


A) $150 million.
B) $252 million.
C) $300 million.
D) None of these answer choices are correct.

Correct Answer:

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