A)

B)

C)

D

please answer all partS TRUE OR FALSE.

The primary motivation behind the lower of cost or market (LCM) rule is conservatism. The market value for purposes of using the lower of cost or market (LCM) method is defined as replacement cost subject to a ceiling and a floor An Inventory written down due to the lower of cost or net realizable value may be written back up if net realizable value Increases The primary motivation behind the lower of cost or net realizable value rule is consistency