What does market mean in the application of the lower-of-cost-or-market method of inventory accounting?

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 09:45 AM

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What does market mean in the application of the lower-of-cost-or-market method of inventory accounting?

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Under IFRS market is the net realizable valu...View the full answer

Introduction to Financial Accounting

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