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Business, 17.04.2020 21:13 bryce12351

Let A equal the reported inventory value if the lower-of-cost-or-market rule is applied to individual items of inventory while B equals the reported inventory value if the lower of cost or market rule is applied to the inventory as a whole. In this situation then:.
A. A will always be equal to B.
B. A will always be equal to or greater than B.
C. A will always be greater than B.
D. A will always be equal to or less than B.

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