The following information is related to a company X inventicy valuer Original Cost =5700 Replacement cost =$750 Selline price minus selling cost =5675 Net profit mavin =20%6 Answering the queations 68 bases un the above inventiry ieformution: 4:31PN 6. Under iFRS inventery must be reconded in a value of: x.5675. b. 5700 c. 5750 . +. 5900 . 7. Under GNAP imentory must be recorded in a value of: a. $675 b. 5700 . c. 5750 . 4. None of the above 8. GAAP the new carrying amount of the imventory is less than the current replacement cost, GAAP allow the adjustment in this case. a. truc. b. false