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Assume that Darcy Industries had the following inventory values. Inventory cost (on Dec 31, 2017) $1500 Inventory market (on Dec 31, 2017) $1350 Inventory net
Assume that Darcy Industries had the following inventory values.
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
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
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
