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  3. Study Set
    Applying International Financial Reporting Standards
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    Exam 9: Inventories
  5. Question
    Ming Limited Had the Following Items of Inventory at Reporting
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Ming Limited Had the Following Items of Inventory at Reporting

Question 14

Question 14

Multiple Choice

Ming Limited had the following items of inventory at reporting date:
Ming Limited had the following items of inventory at reporting date:   The adjustment necessary at reporting date is: A)  DR Inventory $ 50; B)  DR Inventory $100; C)  CR Inventory $ 50; D)  CR Inventory $0. The adjustment necessary at reporting date is:


A) DR Inventory $ 50;
B) DR Inventory $100;
C) CR Inventory $ 50;
D) CR Inventory $0.

Correct Answer:

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