Multiple Choice
Assume that Darcy Industries had the following inventory values:Inventory cost (on December 31, 2014) = $500Inventory market (on December 31, 2014) = $450Inventory net realizable value (on December 31, 2014) = $440Inventory market (on June 30, 2015) = $520Inventory net realizable value (on June 30, 2015) = $525Under IFRS, what is the inventory carrying value on December 31, 2014?
A) $500
B) $450
C) $440
D) $525
Correct Answer:
Verified
Correct Answer:
Verified
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