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Crane Entertainment Center has 5 TVs on hand at the balance sheet date that cost $380 each. The net realizable value is $340 per unit.
Crane Entertainment Center has 5 TVs on hand at the balance sheet date that cost $380 each. The net realizable value is $340 per unit. Under the lower-of-cost-or-net realizable value basis of accounting for inventories, what value should Crane report for the TVs on the balance sheet? Total
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