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Business, 27.02.2020 04:24 lyn94

A company determined the following values for its inventory as of the end of its fiscal year: Historical cost $100,000 Current replacement cost 70,000 Net realizable value 90,000 Net realizable value less normal profit margin 85,000 Fair value 95,000 Under IFRS, what amount should the company report as inventory on its Balance Sheet?

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A company determined the following values for its inventory as of the end of its fiscal year: Histor...
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