As of December 31, 2021, Hillary company has an inventory item that was originally purchased for $80 in 2020. The inventory item was written down to its net realizable value of $60 as of December 31, 2020. As of December 31, 2021, the inventory item had a net realizable value of $75 and a replacement cost of $65. Normal profit margins for Hillary company are 20 percent. Under IFRS, what is the carrying amount of the inventory item as of December 31, 2021

answer; the above statement is (true);

answer(b) equal; set period;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent