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The following information pertains to inventory held by a company at December 31, 2011. Historical cost $ 25,000 Replacement cost $ 20.000 Net realizable value
The following information pertains to inventory held by a company at December 31, 2011.
Historical cost $ 25,000 Replacement cost $ 20.000 Net realizable value $ 21,000 Normal profit Margin 20%
What amount of inventory should be reported under IFRS?
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