Following IFRS, Reversal of an Inventory Write-Down ________

question 93

Multiple Choice

Following IFRS, reversal of an inventory write-down ________.

• A) occurs when there is clear evidence of a decrease in net realizable value
• B) takes place when selling prices decrease following a write-down
• C) is limited to the amount of the original write-down
• D) will increase inventory but decrease reported income

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