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    Question

    NRV or net realizable value of inventory is the expected

    selling price or market value less....
    A Carry value of the inventory Correct Answer Incorrect Answer
    B Expenses necessary to complete the sale Correct Answer Incorrect Answer
    C Cost of the stock Correct Answer Incorrect Answer
    D replacement cost Correct Answer Incorrect Answer

    Solution

    The Net Realizable Value (NRV) of inventory is the expected selling price or market value of the inventory less any expenses necessary to complete the sale. This includes costs like selling expenses, transportation costs, and any other expenses directly associated with making the sale.

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