18. For interim financial reporting, an inventory loss from a temporary market decline in the first quarter which can reasonably be expected to be restored in the fourth quarter a. Should be recognized as a loss proportionately in each of the first, second, third, and fourth quarters b. Should be recognized as a loss proportionately in each of the first, second, and third quarters c. Need not be recognized as a loss in the first quarter d. Should be recognized as a loss in the rst quarter