Under International Financial Reporting Standards (IFRS), Net Realizable Value Is

Multiple Choice

Under International Financial Reporting Standards (IFRS) , net realizable value is the general rule for valuing which of the following types of inventory?

A) Commodities held by broker-traders.
B) Computer components held for sale to manufacturers.
C) Inventories priced on an item by-item basis, but not those priced on a total-inventory basis.
D) All of the choices are held at NRV under IFRS.