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  1. business
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  3. which of the following statements about inventory

Which of the following statements about Inventory is FALSE? 5 8:03 O None of these...

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Accounting

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Which of the following statements about Inventory is FALSE? 5 8:03 O None of these statements are FALSE. O Inventory must be written down if the replacement cost of the goods drops below the historical cost of the goods. Inventory is marked up to the fair market value of the goods at the end of each reporting period. Inventory costs are expensed when the inventory is sold. O Inventory is recorded as an asset in the amount paid for the goods

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