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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 9: Inventory
  5. Question
    The Lower of Cost or Market Rule for Inventory Is
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The Lower of Cost or Market Rule for Inventory Is

Question 19

Question 19

Multiple Choice

The lower of cost or market rule for inventory is an example of the principle of:


A) consistency
B) reliability
C) conservatism
D) relevance.

Correct Answer:

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