From simple questions to complex issues, IDNLearn.com has the answers you need. Discover reliable answers to your questions with our extensive database of expert knowledge.

In which of the following situations is the net realizable value of an item of inventory likely to be lower than cost?
A) The production cost of the item has been falling.
B) The selling price of the item has been rising.
C) The item is becoming obsolete.
D) Demand for the item is increasing.