Determine burn most likely read a disclosure regarding major

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Question 1: Jane Burns, CFA, is assigned by her supervisor to compile a peer analysis for Lynx Manufacturing focused on inventory management ratios. Lynx adheres to IFRS. Burns chooses to exclude Major Manufacturing from the analysis after reading the notes to its financial statements. Burns most likely read a disclosure regarding Major's:

Option a. change in net income as the result of a LIFO liquidation.

Option b. reasoning for a reversal of an inventory write-down.

Option c. use of specific identification method for a small category of rare gem raw material inputs.

Reference no: EM132489920

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