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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 am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
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.