The estimated selling price of an inventory item less reasonably predictable costs of completion, disposal, and transportation

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The estimated selling price of an inventory item less reasonably predictable costs of completion, disposal, and transportation is called:

net realizable value.

net lower of cost or market.

market.

net selling price.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0134730370

2nd edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: Oct 30, 2023 08:07 AM

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The estimated selling price of an inventory item less reasonably predictable costs of completion, disposal, and transportation

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Answer I Net realizable value is the estimated selling prices in the ordinary course of busine... View the full answer

Intermediate Accounting

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