Multiple Choice
State Company manufactured a machine at a cost of $80,000. The product is sold for $88,000 at a 5% discount. The delivery costs are estimated to be $8,000. Under IFRS, how much should be the carrying amount of this inventory?
A) $80,000
B) $88,000
C) $72,000
D) $75,600
Correct Answer:
Verified
Correct Answer:
Verified
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