Question: Assuming that the inventory is ready for immediate delivery, when might it be reported at its net realizable value or market price rather than its

Assuming that the inventory is ready for immediate delivery, when might it be reported at its net realizable value or market price rather than its cost? O When there is a controlled market with a quoted price applicable to all quantities When there are no significant costs of disposal O When a non-cancellable contract exists to sell the inventory O When there is a controlled market with a quoted price applicable to all quantities and there are no significant costs of disposal

Assuming that the inventory is ready for immediate delivery, when might it be reported at its net realizable value or market price rather than its cost? When there is a controlled market with a quoted price applicable to all quantities When there are no significant costs of disposal When a non-cancellable contract exists to sell the inventory

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