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Determining the amount for merchandise inventories

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Question: Lower of Cost or Market-IFRS Study. Hamlin Toy Company prepares financial statements using IFRS. It uses cost or market, whichever is lower, for its inventories. There were no sales or purchases during the periods indicated. What amount for merchandise inventories would you show on the quarterly balance sheet on the dates listed next?

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Reference no: EM131822301

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