The word market as used in the lower of cost or market generally means a. Net realizable

Question:

The word market as used in “the lower of cost or market” generally means

a. Net realizable value.

c. Retail market price.

d. Original cost.

Select the best choice from among the possible answers given.

Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....

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