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Which of the following is not an ASB assertion about inventory related to presentation and disclosure? Major inventory categories and their valuation bases are adequately

Which of the following is not an ASB assertion about inventory related to presentation and disclosure?

		Major inventory categories and their valuation bases are adequately disclosed in notes.
		All of these are ASB presentation and disclosure assertions about inventory.
		Inventory is properly stated at cost on the balance sheet.
		Inventory is properly classified as a current asset on the balance sheet.

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