The Following Information Pertains to Inventory Held by a Company

question 58

Multiple Choice

The following information pertains to inventory held by a company at December 31, 2013. What is the amount of inventory loss shown on the income statement under IFRS?

• A) $1,000.
• B) $2,000.
• C) $4,000.
• D) $5,000.
• E) $6,000.

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Definitions:

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The legal dissolution of a marriage by a court or other competent body.