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Question 2 of 54 - / 1 View Policies Current Attempt in Progress The cost-of-goods-sold method of recording inventory at net realizable value under the

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Question 2 of 54 - / 1 View Policies Current Attempt in Progress The cost-of-goods-sold method of recording inventory at net realizable value under the lower-of-cost and net-realizable value (LCNRV) rule establishes a separate contra asset account and a loss account to record the write-off. True O False

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