If the Selling Price of Inventory That Has Been Written

Multiple Choice

If the selling price of inventory that has been written down to net realisable value in a prior period, subsequently recovers, the:

A) previous amount of the write-down can be reversed;
B) carrying amount of the inventory cannot be adjusted;
C) value adjustment can be recognised immediately in equity;
D) adjustment must be recognised in a 'provision for future inventory write-downs' account.