Question: 9. Ignoring any tax effect, the 2018 net realisable value reassessment for the black licorice jelly beans will most likely result in: A. an increase

9. Ignoring any tax effect, the 2018 net realisable value reassessment for the black licorice jelly beans will most likely result in:

A. an increase in gross profit of CHF7,775.

B. an increase in gross profit of CHF11,670.

C. no impact on cost of sales because under IFRS, write-downs cannot be reversed.

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