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A(n) ____ Rule Can Specify a Range of Acceptable Values

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A(n) ____ rule can specify a range of acceptable values, such as those between 1 and 100 or those in a particular list of values.


Definitions:

Inventory

The components, items in the process of completion, and completed products which form part of a company's assets that are available or will soon be available for sale.

Fair Value

The estimated price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.

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