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1:02 The lower of cost or market (LCM) rule is an application of the historical cost principle market value principe c. conservatism principle d. expense

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1:02 The lower of cost or market (LCM) rule is an application of the historical cost principle market value principe c. conservatism principle d. expense recognition principle 1:02 The lower of cost or market (LCM) rule is an application of the historical cost principle market value principe c. conservatism principle d. expense recognition principle

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