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    Principles of Financial Accounting Study Set 1
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    Exam 6: Inventory Costing
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    LCNRV Is an Acronym for
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LCNRV Is an Acronym for

Question 38

Question 38

Multiple Choice

LCNRV is an acronym for


A) lower of count and net realizable value.
B) lower of cost and net realizable value.
C) lower of cost and non realistic value.
D) lower of cost and net retail value.

Correct Answer:

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