Using the lower-of-cost-and-net-realizable-value rule of valuing inventory allows the accountant to attain:

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The lower-of-cost-and-net-realizable-value rule is an example of conservatism in accounting, as it requires reporting inventory at the lower value between its original cost and its current market value. This approach ensures that losses are recognized promptly when the market value of inventory declines below its cost.

Using the Lower-Of-Cost-And-Net-Realizable-Value Rule of Valuing Inventory Allows the Accountant