Under IAS 2, what adjustment needs to be made after an inventory write-down if the selling price subsequently increases?
a. It should be sold at the replacement cost.
b.Recovery of inventory loss should be debited to reflect the increase in inventory value.
c.The inventory write-down should be reversed to bring it in line with the new net realizable value.
d.No adjustment is necessary. Once inventory is written down, it cannot be increased under IASB standards.