The following information pertains to inventory held by a company on December 31, 2013. Historical cost $30,000 Replacement cost $20,000 Net realizable value $27,000 Normal profit margin 20% What amount of inventory should be reported under IFRS? $25,000. $27,000. $5,000 $30,000. $2,000. A wrap around filing. may be used by large companies to sell securities over a period of two years without refiling with the SEC. allows a company to simplify its form 10-K by referring to information in its annual report. is a filing completed using the SEC's electronic filing system. is a simplified registration procedure for securities to be issued by small companies. may remain in effect for a period of one to five years