ENADE Ciências Contábeis Practice Questions - ENADE Ciências Contábeis - Exame Nacional De Desempenho Dos Estudantes Exam

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At the balance sheet date (31/12/20X1), a commercial retailer holds 1,000 units of merchandise in stock with an acquisition cost of R$ 80.00 per unit. Due to a new competitor entering the market, the estimated selling price is now R$ 85.00 per unit, and the company will incur selling expenses (freight, sales commission, and ICMS) of R$ 12.00 per unit to complete the sales. In accordance with CPC 16 (R1) Inventories (Estoques), what is the inventory balance reported on the Balance Sheet and the resulting income statement adjustment?

Inventory balance of R$ 80,000, with no adjustment required since the selling price of R$ 85 exceeds the historical acquisition cost. Inventory balance of R$ 85,000, with a gain of R$ 5,000 recognized in profit or loss for the period to reflect updated market replacement prices. Inventory balance of R$ 72,000, with an impairment write-down of R$ 8,000 recognized in profit or loss due to net realizable value decline. Inventory balance of R$ 73,000, with a loss of R$ 7,000 recognized in profit or loss (DRE) as an inventory provision adjustment.

Correct Answer:

Inventory balance of R$ 73,000, with a loss of R$ 7,000 recognized in profit or loss (DRE) as an inventory provision adjustment.

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