The Option to Value Inventory at Fair Value Exists Under

Short Answer

The option to value inventory at fair value exists under $$\begin{array} { l l } \text { GAAP } & \text { IFRS } \\\text { a. Yes } & \text { No } \\\text { b. Yes } & \text { Yes } \\\text { c. No } & \text { No } \\\text { d. No } & \text { Yes }\end{array}$$