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Basic Question 9 of 26
Is the reversal of an inventory write-down permitted under U.S. GAAP and IFRS?
B. Yes, under both.
C. Yes, under IFRS, but not under U.S. GAAP.
A. No, under both.
B. Yes, under both.
C. Yes, under IFRS, but not under U.S. GAAP.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the measurement of inventory at the lower of cost and net realisable value and its implications for financial statements and ratios
CFA® 2025 Level I Curriculum, Volume 2, Module 6.