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    Using Financial Accounting
  4. Exam
    Exam 5: Inventories and Cost of Goods Sold
  5. Question
    The Lower-Of-Cost-Or-Market (LCM)rule Violates the Historical Cost Principle
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The Lower-Of-Cost-Or-Market (LCM)rule Violates the Historical Cost Principle

Question 31

Question 31

True/False

The lower-of-cost-or-market (LCM)rule violates the historical cost principle.

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