Question: Question 35 2.5 p For a firm using LIFO that is applying the lower of cost or market, market value should not be less than

Question 35 2.5 p For a firm using LIFO that is applying the lower of cost or market, market value should not be less than O replacement value. O replacement value less an allowance for a normal profit margin. net realizable value. O net realizable value less an allowance for a normal profit margin

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