Assume that Darcy Industries had the following inventory values. Inventory cost (on Dec 31, 2017) $1500 Inventory
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Question:
Inventory cost (on Dec 31, 2017) $1500
Inventory market (on Dec 31, 2017) $1350
Inventory net realizable value
(on Dec 31, 2017) $1320
Under IFRS, what is the inventory carrying value on December 31, 2017?
a. $1500
b. $1570
c. $1560
d. $1320
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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