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Matt_AnalystPrep.
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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?
- A. $1,500
- B. $0
- C. Cannot be ascertained
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