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Under U.S. GAAP, inventories are reported on the balance sheet at lowerofcostormarket. This is an example of: A. consistency principle B. historical cost principle C.

Under U.S. GAAP, inventories are reported on the balance sheet at lowerofcostormarket. This is an example of: A. consistency principle B. historical cost principle C. conservatism principle D. full disclosure principle

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