Answered

The word market as used in “the lower of cost or market” generally means

Acurrent replacement cost.
Bretail market price.
Coriginal cost.
Dliquidation price.

Verified Answer :

sarcasmislife

a market is a group of buyers and sellers of a particular product.

The word market as used in “the lower of cost or market” generally means  current replacement cost.

What is replacement cost?

The cost or money which is used to replace an existing product or asset with the same cost as purchased before.

What is cost?

The costing which is used to purchased the product or aquire the service.

Hence, option A is the correct answer

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