What should be the reported value of Sullivans inventory if the company prepares its financial statements according to International Financial Reporting Standards (IFRS)?
A.	$500,000.
B.	$440,000.
C.	$470,000.
D.	$490,000.
Answer:D
What should be the reported value of Sullivans inventory if the company prepares its financial statements according to International Financial Reporting Standards (IFRS)?
A.	$500,000. B.	$440,000. C.	$470,000. D.	$490,000.