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You sell flags. On hand, you have 200 flags. The market value is $25 and the cost of the flags is $20. What is
You sell flags. On hand, you have 200 flags. The market value is $25 and the cost of the flags is $20. What is the total amount that flags are listed in inventory using lower of cost or market? O a. $1,000 O b. $5,000 O c. $4,000 d. $9,000
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
