{"id":51201,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/accounting-discussion-lcm-rule"},"modified":"2017-08-16T12:33:33","modified_gmt":"2017-08-16T12:33:33","slug":"accounting-discussion-lcm-rule","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/accounting-discussion-lcm-rule\/","title":{"rendered":"Accounting Discussion &#8211; LCM Rule"},"content":{"rendered":"<p>Explain how the concept of the lower of cost or market rule satisfies the conservatism principle. Is the LCM rule a contradiction to the historical cost principle? Why or why not? How does the concept of materiality relate to the write down of inventory?<\/p>\n<p>*Only has to be a small paragraph. &nbsp;Must be thoughtful and on point.<\/p>\n<p>Needs to be done soon as possible as it is due this evening.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Explain how the concept of the lower of cost or market rule satisfies the conservatism principle. Is the LCM rule a contradiction to the historical cost principle? Why or why not? How does the concept of materiality relate to the <a href=\"https:\/\/www.benedictsol.com\/blogs\/accounting-discussion-lcm-rule\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-51201","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/51201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=51201"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/51201\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=51201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=51201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=51201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}