The option to value inventory at fair value exists under 
IFRS:
Correct Answer:
Verified
Q164: Specific Identification can be used for inventory
Q165: Inventory written down under lower-of-cost-or net realizable
Q167: Specific Identification must be used for inventory
Q167: The only acceptable cost flow assumptions under
Q168: GAAP defines net realizable value for lower-of-cost-or
Q168: Inventories are defined by IFRS as
A) held-for-sale
Q170: The convergence issue that will be most
Q170: GAAP's provision for ownership of goods (goods-in-transit
Q171: GAAP's definition for inventory and provision of
Q172: Certain agricultural and mineral products can be
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