Under US Rules, After a Company "Writes Down" an Inventory Item

question 37

True/False

Under U.S. rules, after a company "writes down" an inventory item to a "market" value, it should later increase the carrying value of the inventory item if the market for the item improves.

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Aristotle

An ancient Greek philosopher and polymath whose works cover various subjects including physics, metaphysics, poetry, theater, music, logic, rhetoric, linguistics, politics, government, ethics, biology, and zoology.

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