LCNRV of inventory

12 months ago

Rakesh Khan

1 minute

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LCNRV of inventory

A. Is always either the net realizable value or cost
B. Should always be equal to net ralizable value
C. May sometimes be less than net realizable value
D. Should always be equal to estimated selling price less cost to complete

Answer: A. Is always either the net realizable value or cost

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