LCNRV of inventory
A. Is always either the net realizable value or cost
B. Should always be equal to net ralizable value
C. May sometimes be less than net realizable value
D. Should always be equal to estimated selling price less cost to complete
Answer: A. Is always either the net realizable value or cost
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.