When inventory is valued at the lower of cost or net realizable value, the accountant is applying the principle or convention called----------- .

Name: When inventory is valued at the lower of cost or net realizable value, the accountant is applying the principle or convention called----------- .
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The Answer of When inventory is valued at the lower of cost or net realizable value, the accountant is applying the principle or convention called----------- .

When Inventory Is Valued at the Lower of Cost or Net