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Which of the following is not a disadvantage of LCM and LCNRV ? Inventory may be reported at cost in one period and at market
Which of the following is not a disadvantage of LCM and LCNRV Inventory may be reported at cost in one period and at market value in the next. Measures of disposal costs are subjective. Data analytics is increasingly used to estimate the normal profit margin. Net income in the subsequent period may be overstated if the expected decline in sales price does not materialize.
Which of the following is not a disadvantage of LCM and LCNRV
Inventory may be reported at cost in one period and at market value in the next.
Measures of disposal costs are subjective.
Data analytics is increasingly used to estimate the normal profit margin.
Net income in the subsequent period may be overstated if the expected decline in sales price does not materialize.
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