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Accounting

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wanuka -... Hotstar - Watch TV... O (1) The Unforgettab... Illegal cannabis get... marks i Saved Arganon Ltd. had the following ending inventory balances for each of the past six years: Cost Net Realizable Value $ 20x3 20X4 20x5 20x6 20x7 20x8 31,000 34,000 27,500 39,000 41,000 33,000 22,500 26,500 25,500 42,000 ces Required: For each year, 20x4 through 20X8. determine the holding loss (gain) under lower-of-cost-or-NRV valuation. (Loss amounts should be indicated by minus sign. Leaving no cells blank, be certain to enter "zero" wherever required) Year-end Allowance to reduce inventory to NRV Opening Balance Allowance to reduce inventory to NRV-Amount Required Holding Loss (Gain) 20X4 20X5 20X6 20x7 20X8

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