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f Balance sheet at 31 Dec 2019 has inventory balance of $130,000 when CP was 105. the CP for the average of 2019 is 110
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Balance sheet at 31 Dec 2019 has inventory balance of $130,000 when CP was 105. the CP for the average of 2019 is 110 and at the end of year is 115. If the current purchasing power accounting is used the value should be stated for the inventoryas 135,909 b 136,190 130,000 d 140,381 Step by Step Solution
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