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QUESTION 10 The following information relates to the year-end inventories of Dominique's Furniture: Net Realizable Value (NRV): Replacement Cost (RC): Value at FIFO Cost

QUESTION 10 The following information relates to the year-end inventories of Dominique's Furniture: Net Realizable Value (NRV): Replacement Cost (RC): Value at FIFO Cost (C): $135,000 $101,000 $105,000 Identify the various inventory values that could be used to determine business income for tax purposes.

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