If the Selling Price of Inventory That Has Been Written

question 4

Multiple Choice

If the selling price of inventory that has been written down to net realisable value in a prior period, subsequently recovers, the:

• A) previous amount of the write-down can be reversed;
• B) carrying amount of the inventory cannot be adjusted;
• C) value adjustment can be recognised immediately in equity;
• D) adjustment must be recognised in a 'provision for future inventory write-downs' account.

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Definitions:

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The movements of the facial muscles that convey emotions, intentions, or social information to others.

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