abaca energy is a brazilian integrated energy company. it specializes in the production of synthetic...

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Accounting

abaca energy is a brazilian integrated energy company. it specializes in the production of synthetic crude oil sands. Abaca energy follows IFRS for financial reporting purposes. the carrying value of Abaca energy's inventories reflects
a. their historical cost
b. their current value
c. the difference between market value and historical value
d. the lower of historical cost or net realizable value

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