Multiple Choice
Portman Inc. uses the conventional retail inventory method. Expressed in millions of dollars, information about Portman's 2009 inventory account is expressed in the table below: At what amount would Portman record its inventory on its 12/31/09 balance sheet?
A) $150 million
B) $252 million
C) $300 million
D) None of these is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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