The term that is being referred here is the REPLACEMENT COST. What the market generally means when lower of cost or market rule is being applied to inventory valuation, this refers to replacement cost. This is the cost applied to an item when it is being replaced. The cost is being applied is the same as its pre-loss condition.
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Answer:
the value of what businesses provide to other businesses is captured in the final products at the end of the production chain.
Answer:
B. commercial banks
Explanation:
The commercial banks meets both the criteria of saving as well as taking loan.