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Splish Brothers inc, developed the following information about its inventories in applying the lower-of-cost-or-net-reaizablevalue(LCNRV) basis in valuing inventories: After Splish Brothers Inc. applies the LCNRV

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Splish Brothers inc, developed the following information about its inventories in applying the lower-of-cost-or-net-reaizablevalue(LCNRV) basis in valuing inventories: After Splish Brothers Inc. applies the LCNRV rule, the value of the inventory reported on the balance sheet would be $420000 $425000 $434000 $429000

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