In applying LCM, market cannot be:
A. Less than net realizable value.
B. Greater than the normal profit.
C. Less than the normal profit margin.
D. Greater than net realizable value.
Answer: D. Greater than net realizable value.
In applying LCM, market cannot be:
A. Less than net realizable value.
B. Greater than the normal profit.
C. Less than the normal profit margin.
D. Greater than net realizable value.
Answer: D. Greater than net realizable value.
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.