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Author Question: Under US GAAP, the "market" in lower-of-cost-or-market inventory valuation is defined as the: (Read 92 times)

moongchi

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on: Feb 18, 2020
Under US GAAP, the "market" in lower-of-cost-or-market inventory valuation is defined as the:
◦ selling price of the inventory.
◦ current replacement cost of the inventory.
◦ original purchase price of the inventory.
◦ net realizable value of the inventory.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by moongchi on Feb 18, 2020

isabelt_18

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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moongchi

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

tkempin

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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