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Some accountants argue that the lower of cost or market promotes conservatism at the expense of consistency. In what ways do we consider this method

Some accountants argue that the lower of cost or market promotes conservatism at the expense of consistency. In what ways do we consider this method conservative? Do you feel that it creates inconsistencies between periods? What you can do to help define your answer is look at the makeup of the floor and ceiling that is present in the lower of cost or market. (Use own words)

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