Under International Financial Reporting Standards (IFRS), Which of the Following

question 42

Multiple Choice

Under International Financial Reporting Standards (IFRS) , which of the following is true regarding inventory write-downs and/or recovery of a write-down?

• A) Recovery of inventory write-downs is prohibited under IFRS.
• B) IFRS requires separate reporting of reversals of inventory write-downs.
• C) IFRS requires companies to record write-downs in a separate loss account.
• D) All of the choices are correct.

---

Definitions:

Gendered Language

Language use that reinforces or perpetuates gender stereotypes, often through the selection of certain pronouns, titles, or descriptors.

Job Titles

Designations or titles given to employees based on their roles and responsibilities within an organization.

Bias-Free

An approach or mindset that aims to avoid prejudice and unfairness in judgments, decisions, or actions.

Accommodations

Adjustments made in a workplace or educational setting to support individuals with disabilities or special needs.