At the End of the Financial Period the Cost of an Entity's

question 60

Multiple Choice

At the end of the financial period the cost of an entity's inventory on hand is $25 500.The net realisable value of the inventory is deemed to be $28 000.What value for inventory must be shown on the entity's balance sheet for the reporting period?

• A) $28 000
• B) $25 500
• C) None of the above.
• D) $2 500

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