Accounting MCQ Inventory Valuation of LCNRV & LCM Method As an application of _________ principle, inventory costs should be written down when the inventory's future cash flows are expected to be LESS than the inventory's cost.

As an application of _________ principle, inventory costs should be written down when the inventory's future cash flows are expected to be LESS than the inventory's cost.

Naim 22:26 Inventory Valuation of LCNRV & LCM Method

As an application of _________ principle, inventory costs should be written down when the inventory's future cash flows are expected to be LESS than the inventory's cost.

Answer: conservatism

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If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.

Accounting MCQ

As an application of _________ principle, inventory costs should be written down when the inventory's future cash flows are expected to be LESS than the inventory's cost.

As an application of _________ principle, inventory costs should be written down when the inventory's future cash flows are expected to be LESS than the inventory's cost.

Learn More :

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