Examlex
Coca-Cola changes the taste of its soft drinks to meet local market preferences.These are examples of ___________.
Lower Of Cost
Refers to a valuation principle that directs inventory and other assets to be recorded at the lower of either the original cost or the current market value.
Net Realizable Value
The estimated selling price of inventory in the ordinary course of business minus any estimated costs necessary to make the sale, used in determining the value of ending inventory.
Inventories
The total amount of goods and materials held by a company for the purpose of resale or production.
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