Evaluate the following statement: Measures such as the lower of cost and net realisable value, which is

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Evaluate the following statement:

Measures such as the lower of cost and net realisable value, which is required for inventory, can perhaps be justified in terms of conservatism but are very difficult to justify in terms of decision usefulness.

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Financial Accounting Theory

ISBN: 9780071013147

4th Edition

Authors: Craig Deegan, H. Bierman

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