In Applying LCM, Market Cannot Be

question 33

Multiple Choice

In applying LCM, market cannot be:

• A) Less than net realizable value minus a normal profit margin.
• B) Net realizable value less reasonable completion and disposal costs.
• C) Greater than net realizable value reduced by an allowance for normal profit margin.
• D) Less than cost.

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Definitions:

Sound on Disc

An early method of providing synchronized sound to silent films using records played in conjunction with the film's projection, before the advent of sound-on-film technology.

Photographic Gun

A device designed in the early history of photography to capture images quickly, resembling the operation of a gun.

Étienne-Jules Marey

A French scientist and chronophotographer, whose work is significant in the development of motion pictures.

Eadweard Muybridge

An English photographer important for his pioneering work in photographic studies of motion and early work in motion-picture projection.