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Fernando’s Pasta purchased inventory and later wrote it down. The current net realizable value is higher than the value when written down.?

 Fernando’s inventory balance will most likely be: 

A higher if it complies with IFRS.

B higher if it complies with US GAAP.

C the same under US GAAP and IFRS.

Logistics Accounting Financial Accounting IFRS US GAAP
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Question added by Moataz Elsabawy , مدير مالى , مجموعه شركات الانصار
Date Posted: 2017/02/26
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basem ramadan
by basem ramadan , محاسب عام , مؤسسة محمد جويد التجارية لاستيراد وتصدير الحاصلات الزراعية

 

  • C the same under US GAAP and IFRS

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