q10

QUESTION 10 The following information relates to Moore Company's inventory: Cost of inventory = $460 Selling price of inventory = $500 Normal profit margin = 10% of selling price Current replacement cost = $370 Cost of completion and disposal = $50 Under IFRS, which of the following would be the correct measurement value for the inventory? O a. 5460 b.$370 OC. $500 d. $450 QUESTION 11 Which of the following statements is true regarding IFRS and inventories? Cinsi Shimin dhe Shr ine