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19/24 mid Valuing inventory at the lower of cost or market is an application of the: a. time period assumption. b. realization principle. c. going

19/24 mid

Valuing inventory at the lower of cost or market is an application of the:

	a.	time period assumption.
	b.	realization principle.
	c.	going concern principle.
	d.	conservatism principle.
	e.	None of the answers are correct.

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