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2. Which of the following statements is true regarding inventory writedown and reversal of writedown? a. Reversal of inventory writedown is prohibited. b. Separate reporting

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2. Which of the following statements is true regarding inventory writedown and reversal of writedown? a. Reversal of inventory writedown is prohibited. b. Separate reporting of reversal of inventory writedown is required. c. An entity is required to record an inventory writedown in a separate loss account. d. All of the choices are correct

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