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QUESTION 25 2F The net realizable value in applying the lower-of-cost-or-net realizable value (LCNRV) to inventory is determined as the estimated selling price. estimated selling
QUESTION 25 2F The net realizable value in applying the lower-of-cost-or-net realizable value (LCNRV) to inventory is determined as the estimated selling price. estimated selling price less reasonable costs to complete. replacement cost. replacement cost less reasonable costs to complete
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