Question: Question 36 For a firm using LIFO that is applying the lower of cost or market rule, market value O should not exceed the net

Question 36 For a firm using LIFO that is applying the lower of cost or market rule, market value O should not exceed the net realizable value less an allowance for a normal profit margin. O is defined as the selling price. o should not exceed the net realizable value plus an allowance for a normal profit margin. should not exceed the net realizable value

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