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When the net realizabe value of inventory drops below the cost shown in the financial records, both total assets and net income are reduced. True
When the net realizabe value of inventory drops below the cost shown in the financial records, both total assets and net income are reduced. True or False True False
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Managerial Accounting Working Papers
Authors: John G. Helmkamp
2nd Edition
0471514292, 978-0471514299
