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Hi guys ,i need to as you something over the valuation of stock ,
“Stock is valued at the lower of cost or NRV ”
My question is i just appeared in a cbe exam recently and they gave me three colums ,first one was lower of cost,second one was replacement cost and third one was NRV ,with values given under them ,i just wanna know do we take into account “”replacement cost”” as well or do we ignore it ,can you please answers me this thanks
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