Homework answers / question archive / Inventory Information   Historical cost $10,000 Replacement cost $6,000 Net Realizable Value $10,500 Net Realizable Value less normal profit $9,500 According to IFRS, the inventory is presented as what amount? a

Inventory Information   Historical cost $10,000 Replacement cost $6,000 Net Realizable Value $10,500 Net Realizable Value less normal profit $9,500 According to IFRS, the inventory is presented as what amount? a

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Inventory Information

According to IFRS, the inventory is presented as what amount?

a. $10,500

b. $10,000

c. $9,500

d. $6,000

e. $6,500