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Find the inverse function informally . Verify that and
Net Realizable Value
The estimated selling price in the ordinary course of business minus the estimated costs of completion and the estimated costs necessary to make the sale.
Estimated Future Returns
Projections or forecasts about the potential gains or incomes from investments over a future period.
Sales Discounts
A reduction in the price of goods or services offered to customers, usually to prompt early payment or reward bulk purchases.
Gross Price Method
Gross Price Method involves recording inventory at its gross price, before deducting any trade discounts or rebates.
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