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Waterway Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value...

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Accounting

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Waterway Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCNRV) basis in valuing imventories: If Waterway applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $340000 $344000 $368000 $372000

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