If the Selling Price of Inventories That Has Been Written

Multiple Choice

If the selling price of inventories 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 inventories cannot be adjusted.
C) value adjustment can be recognised immediately in equity.
D) adjustment must be recognised in a 'provision for future inventories write-downs' account.