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According to Statement of Financial Accounting Concepts No. 8, materiality is an ingredient of the fundamental qualitv(ies) of: Lower-of-cost and net realizable value as it
According to Statement of Financial Accounting Concepts No. 8, materiality is an ingredient of the fundamental qualitv(ies) of: Lower-of-cost and net realizable value as it applies to inventory is best described as the a. change in inventory value to market value. b. drop of future utility below its original cost. c. method of determining cost of goods sold. d. assumption to determine inventory flow. According to Statement of Financial Accounting Concepts No. 8, materiality is an ingredient of the fundamental qualitv(ies) of: Lower-of-cost and net realizable value as it applies to inventory is best described as the a. change in inventory value to market value. b. drop of future utility below its original cost. c. method of determining cost of goods sold. d. assumption to determine inventory flow
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