If a company experiences a loss of inventory for fire, there is no way to estimate the inventory.

Name: If a company experiences a loss of inventory for fire, there is no way to estimate the inventory.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

While a fire can destroy inventory, there are ways to estimate the loss by examining records of inventory levels, production output, and sales. Additionally, insurance companies may require an inventory valuation before issuing a payout for lost inventory due to a fire.

If a Company Experiences a Loss of Inventory for Fire