Question: In he given quote for INTERMEDIATE ACCOUNTING, Net Realizable Value (NRV) less normal profit margin is used for the floor because it would not make
In he given quote for INTERMEDIATE ACCOUNTING, "Net Realizable Value (NRV) less normal profit margin is used for the floor because it would not make sense to report inventory below the amount a company expects to profit from the sale, regardless of replacement costs". What questions could I ask regarding this statement
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