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What sum ought to be accounted for as the parity

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Question - On December 31, the retailer's expense of its stock is effectively reported in its Inventory account as $51,000. The business sector estimation of the stock on December 31, was $50,300. What sum ought to be accounted for as the parity in Allowance to Reduce Inventory to LCM at December 31?

Reference no: EM132106972

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