Chartered Financial Analyst Level 1
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Which of the following inventory-related financial statement disclosures is required under US GAAP?
A
The carrying amount of inventories measured at fair value less costs to sell.
B
The events or conditions that resulted in the reversal of a prior-year inventory write-down.
C
The amount of any reversal of a prior-year inventory write-down recognized as a reduction in cost of sales during the current period.