The use of the lower-of-cost-or-market rule to value inventory is justified on the basis of what principle?
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The use of the lower-of-cost-or-market rule to value inventory is justified on the basis of what principle?
a. cost
b. materiality
c. conservatism
d. reliability
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Muhammad Umair
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Related Book For 
Financial Accounting The Impact On Decision Makers
ISBN: 9780324655230
6th Edition
Authors: Gary A. Porter, Curtis L. Norton
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