Accounting MCQ LCNRV How should prompt payment discount be dealt with when valuing inventory at LCNRV?

How should prompt payment discount be dealt with when valuing inventory at LCNRV?

Naim 16:53 LCNRV

How should prompt payment discount be dealt with when valuing inventory at LCNRV?

A. Added to cost
B. Ignored
C. Deducted in arriving at net realizable value
D. Deducted in arriving at cost

Answer: B. Ignored

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