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Question 36 2.5 pts For a firm using LIFO that is applying the lower of cost or market rule, market value should not exceed the

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Question 36 2.5 pts For a firm using LIFO that is applying the lower of cost or market rule, market value should not exceed the net realizable value less an allowance for a normal profit margin. should not exceed the net realizable value. should not exceed the net realizable value plus an allowance for a normal profit margin. is defined as the selling price

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