A company determines the following quantities for its year-end inventoryHistorical Cost $ 55,000Replacement cost 45,000Net realizable value 46,000Net realizable value less a profit margin 43,000Considering that the company uses international standards (IFRS), the company must report as inventory in its Balance Sheet the amount of

Multiple Choice

$55,000

$45,000

$46,000

$43,000

A company determines the following quantities for its year-end inventoryHistorical Cost $ 55,000Replacement cost 45,000Net realizable value 46,000Net realizable value less a profit margin 43,000Considering that the company uses US GAAP, the company must report as inventory in its statement of situation the amount ofMultiple Choice

$43,000

$45,000

$55,000

$46,000