Rowlin Corporation, which reports under IFRS, wrote down its inventory of electronic
parts last period from its original cost of €28,000 to net realizable value of €25,000. This
period, inventory at net realizable value has increased to €30,000. Rowlin should revalue
this inventory to:
a) €28,000 and report a gain of €3,000 on the income statement.
b) €30,000 and report a gain of €5,000 on the income statement.
c) €30,000 and report a gain of €3,000 on the income statement and €2,000 as other
comprehensive income