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  3. 10) the use of the lower of cost or net realizable

10) The use of the lower of cost or net realizable value (LCNRV) method to...

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Accounting

10)

The use of the lower of cost or net realizable value (LCNRV) method to value inventory for reporting purposes is a departure from the accounting principle of:

3.3 Points

  • going concern

  • matching.

  • historical cost.

  • None of the above

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