Question
The practice of using the lower of cost or market to evaluate inventory reflects which of the following accounting principles? a. Conservatism b. Materiality c.
The practice of using the lower of cost or market to evaluate inventory reflects which of the following accounting principles?
a.
Conservatism
b.
Materiality
c.
Revenue recognition
d.
Matching principle
Clear my choice
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
8th Edition
0131810669, 978-0131810662
