A company determined the following values for its inventory as of the end of its fiscal year: Historical cost $100,000 Current replacement cost 70,000 Net realizable value 90,000 Net realizable value less normal profit margin 85,000 Fair value 95,000 Under IFRS, what amount should the company report as inventory on its Balance Sheet?

$90,000

Explanation:

Under IFRS, Inventory is initially recognized at cost. Subsequent measurement then requires that it be carried at the lower of cost or net realizable value.

Given that Historical cost $100,000 and Net realizable value $90,000, the lower of the two is the net realizable value as such, the company report $90,000 as inventory value on its Balance Sheet.

3rd the reason why is because of management and leadership