One of the conceptual deficiencies of applying LCNRV is that net income in year of loss is
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One of the conceptual deficiencies of applying LCNRV is that net income in year of loss is lower and net income in subsequent period may be higher than normal if expected reductions in sales price do not materialize.
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Related Book For
Fundamentals of biochemistry Life at the Molecular Level
ISBN: 978-0470547847
4th edition
Authors: Donald Voet, Judith G. Voet, Charlotte W. Pratt
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