manipulating financial statements is an example on the opportunistic behaviour

Select one: True False

If the financial statements has an inventories of 3000 unit at $10 each and cost of goods sold is $550,000. the replacement cost is $12 per unit of ending inventory and $590,000 for cost of goods sold. the realised profit using CCA method is:

a. $46,000

b. Zero

c. $40,000

d. $6,000