Suppose that the IASB proposed that inventory is to be accounted for at its current market price

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Suppose that the IASB proposed that inventory is to be accounted for at its current market price (what you could sell it for) rather than its historical cost. Provide an argument that supports or opposes this change on the basis of relevance and reliability.
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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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