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19. Losses which are expected to arise from rm and noncancellable commitments for the future purchase of inventory items, if material should be a. Recognized

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19. Losses which are expected to arise from rm and noncancellable commitments for the future purchase of inventory items, if material should be a. Recognized in the accounts by debiting loss on purchase commitments and crediting estimated liability for loss on purchase commitments b. Disclosed in the notes c. Ignored d. Charged to retained earnings

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