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CFA Level 1 Question of the Week - Financial Reporting and Analysis

Core Corp. reports under IFRS and its inventory was written down to $6,500. However, due to a shortage in supply, the Net Realizable Value (NRV) of inventory recently increased to $8,000. Which of the following is most likely the value of the write-up of inventory?

CFA Level 1 Question of the Week - Financial Reporting and Analysis 7 votes

A. $1,500
100% 7 votes
B. $0
0% 0 votes
C. Cannot be ascertained
0% 0 votes

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