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6 . A company that prepares its financial statements using IFRS wrote down its inventory value by 2 0 , 0 0 0 at the
A company that prepares its financial statements using IFRS wrote down its inventory value by
at the end of year In year prices increased and the same inventory at the end of the year
was worth more than its value at the end of the prior year.
Determine if the companys cost of sales was increased or decreased. If so by what amount?
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