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ich of the following values is considered the market value when valuing inventory at lower-of-cost-or-market under U.S. GAAP? A. historic cost B. current replacement cost
ich of the following values is considered the market value when valuing inventory at lower-of-cost-or-market under U.S. GAAP? A. historic cost B. current replacement cost C. sales price less the company's normal mark-up percentage D. cost plus the company's normal mark-up percentage
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