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Business, 23.09.2019 23:30 RealGibbon857

Afirm determines that inventory of manufactured goods with a cost of $10 million has a net realizable value of $9 million and writes down its carrying value to this amount. one period later, the firm determines that the net realizable value of this inventory has increased to $11 million. under ifrs, the carrying value of this inventory: a) may be revalued up to $10 million. b) must remain valued at $9 million. c) may be revalued up to $11 million.

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Afirm determines that inventory of manufactured goods with a cost of $10 million has a net realizabl...
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