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What is the before-tax income effect of the lcm

1. Refer to the situation described in BE 9-2. Determine the balance sheet carrying value of SLR's inventory assuming that the LCM rule is applied to individual products and that SLR prepares its financial statements according to IFRS. What is the before-tax income effect of the LCM adjustment?

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Accounting Basics: What is the before-tax income effect of the lcm

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