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When net realizable value is lower than cost, and the loss method applying the lower-of-cost-and-net-realizable approach of recording the write-down is used, what account is
When net realizable value is lower than cost, and the loss method applying the lower-of-cost-and-net-realizable approach of recording the write-down is used, what account is credited?
A. Allowance to Reduce Inventory to NRV.
B. Inventory.
C. Cost of Goods Sold.
D. A loss account.
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