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Performance in Last 10 Qs
Performance in last 10 questions – there are ‘7’ correct answers, ‘2’ wrong answers, ‘1’ skipped answers, ‘0’ partially correct answers
About this QuestionQuestion Difficulty
Difficulty 80%
76.8%
Students got it correct
Study this topic• Understand and apply the lower-of-cost-or-market rule.
Question Number
Q 9.52: At Hawkeye Security the basic professional grade security system has a cost of $812, a replacement cost of $775, a net realizable value of $800, and a normal profit margin of $50. Hawkeye Security would record ___ as the inventory value for this product using the lower-of-cost-or-market rule.
- A
- :
- $775
- B
- :
- $800
- C
- :
- $812
- D
- :
- $762
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