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A company determined the following values for its inventory as of the end of its fiscal year: Historical cost $ 50,000 Current replacement cost 35,000 Net realizable value 45,000 Net realizable value less a normal profit margin 40,000 Fair value 48,000 What amount should the company report for inventory on its balance sheet
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A company determined the following values for its inventory as of the end of its fiscal year: Histor...
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