Why are inventories stated at lower-of-cost-or-market? a. To report a loss when there is a decrease in the future utility. b. To keep track of the market value of the inventory. c. To report a loss when there is a decrease in the future utility below the original cost. d. To permit future profits to be recognized.
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Home » Business » Why are inventories stated at lower-of-cost-or-market? a. To report a loss when there is a decrease in the future utility. b. To keep track of the market value of the inventory. c.