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Using 'lower of cost and net realizable value' for the purpose of inventory valuation is the implementation of which of the following concepts? A. The
Using 'lower of cost and net realizable value' for the purpose of inventory valuation is the implementation of which of the following concepts?
A. The going concern concept
B.The separate entity concept
c.The prudence concept
D.Matching concept
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
