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    Intermediate Accounting Study Set 2
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    Exam 9: Inventories: Additional Issues
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    In Applying LCM, Market Cannot Be
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In Applying LCM, Market Cannot Be

Question 35

Question 35

Multiple Choice

In applying LCM, market cannot be:


A) Less than net realizable value.
B) Greater than the normal profit.
C) Less than the normal profit margin.
D) Greater than net realizable value.

Correct Answer:

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