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Assume that you are the CEO of Deere and are considering the potential adoption of IFRS by U.S. firms. With respect to inventory accounting in

Assume that you are the CEO of Deere and are considering the potential adoption of IFRS by U.S. firms. With respect to inventory accounting in particular, do you have any concerns about Deere conversion to IFRS? Prepare a short letter to the Chair of the Securities Exchange Commission (SEC) outlining your concerns.

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