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A fictitious Stores prepares its financial statements in accordance with IFRS. Inventory was purchased for $100...

A fictitious Stores prepares its financial statements in accordance with IFRS. Inventory was purchased for $100 and later marked down to $75. One of its items, however, was later discovered to be a rare collectible item, and the inventory is now worth an estimated $200. The inventory is most likely reported on the balance sheet at $______

Would you please give the correct answer and explain it step-by-step., thanks!

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