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What is the probability that the item is defective?
Market Value
The present cost at which a service or asset is available for purchase or sale on an open market.
Selling Price
The amount of money for which a product or service is sold to customers, which may include discounts, promotions, or variable pricing strategies.
Conservatism
An accounting principle that requires potentially uncertain expenses and liabilities to be recognized promptly, but revenues only when they are assured.
Accounting Principle
Fundamental guidelines or rules that govern financial accounting practices.
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