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If the cost of an item of inventory is $53.00 and the current replacement cost is $64.00, what is the amount included in inventory according
If the cost of an item of inventory is $53.00 and the current replacement cost is $64.00, what is the amount included in inventory according to the lower of cost or market?
a $64.00
b $53.00
c $11.00
d $117.00
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
