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Sarasota Corporation has the following four items in its ending inventory: Assume that Sarasota is a public company using IFRS. Determine the total value of
Sarasota Corporation has the following four items in its ending inventory:
Assume that Sarasota is a public company using IFRS. Determine the total value of ending inventory using the lower of cost and
net realizable value model applied on an individual item basis.
Item
LC and NRV
Neutrinos $
Ocillinos
Electrons
Protons
Total
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Advanced Accounting
Authors: Floyd A. Beams, Robin P. Clement, Suzanne H. Lowensohn, Joseph H. Anthony
9th Edition
0131851225, 978-0131851221
