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Business, 09.10.2019 23:00 augustmarie

Why are inventories stated at lower-of-cost-or-market? a. to report a loss when there is a decrease in the future utility. b. to keep track of the market value of the inventory. c. to report a loss when there is a decrease in the future utility below the original cost. d. to permit future profits to be recognized.

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Why are inventories stated at lower-of-cost-or-market? a. to report a loss when there is a decrease...
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