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The following two inventory items were purchased as a group in a liquidation sale for $1,000. Carrying Value Item A B Replacement Cost On
The following two inventory items were purchased as a group in a liquidation sale for $1,000. Carrying Value Item A B Replacement Cost On Seller's Books $400 $390 700 755 The firm purchasing the inventory records item A at what amount? $500 $390 $364 $341
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