Financial Reporting and Analysis Q242

0. Which of the following is least likely to be a financial statement disclosure required by IFRS concerning inventory?

A
The carrying amount of inventory at fair value plus costs to sell.
B
The carrying amount in classifications of inventory such as work in progress, finished goods, etc.
C
The circumstances that led to the reversal of a write down of inventories.

Answer
Comment
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Option : A
Explanation : The disclosure required by IFRS is the carrying amount of inventory at fair value minus costs to sell.

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