Chartered Financial Analyst Level 1
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An analyst gathers the following information about an electronics manufacturing company's inventory:
Year 2:
- Cost: €100,000
- Net realizable value: €105,000
Year 1:
- Cost: €100,000
- Net realizable value: €97,000
As a result of the reversal of the write-down, the company's Year 2 financial statements should report a decrease in cost of sales of:
An analyst gathers the following information about an electronics manufacturing company's inventory:
Year 2:
- Cost: €100,000
- Net realizable value: €105,000
Year 1:
- Cost: €100,000
- Net realizable value: €97,000
As a result of the reversal of the write-down, the company's Year 2 financial statements should report a decrease in cost of sales of:
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