Can you think of any circumstances where the net realisable value will be lower than the cost

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Can you think of any circumstances where the net realisable value will be lower than the cost of inventories held, even during a period of generally rising prices?

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Accounting An Introduction

ISBN: 9780273733201

5th Edition

Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan

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Question Posted: May 13, 2024 02:00 AM

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Can you think of any circumstances where the net realisable value will be lower than the cost of inventories held, even during a period of generally rising prices? Try to think of at least two.
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Can you think of any circumstances where the net realisable value will be lower than the cost

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Accounting An Introduction

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