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If the cost of an item of inventory is $80 and the current selling price is $75, the amount shown in inventory on the balance

If the cost of an item of inventory is $80 and the current selling price is $75, the amount shown in inventory on the balance sheet under the lower-of-cost-and-net realizable-value rule is O A $80 OB. $75 OC. $75 or $80 OD. $155

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