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what statements relate to reporting inventory at the lower of cost or market, inventory value is lower than inventory cost, no adjustment is made, market
what statements relate to reporting inventory at the lower of cost or market, inventory value is lower than inventory cost, no adjustment is made, market value is the replacemnt cost of inventory, or itcan be applied to each inventory item separately
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
