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(5 points) Which of the following best describes why regulators want companies to use the lower-of-cost-or-market test for inventory? (A 16) It forces companies to

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(5 points) Which of the following best describes why regulators want companies to use the lower-of-cost-or-market test for inventory? (A 16) It forces companies to adjust for drops in future utility below historical cost. It forces companies to adjust for changes in inventory replacement value. It forces companies to more accurately calculate Cost of Goods Sold. It forces companies to adjust for differences in inventory flow

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