Item2 1.25points eBook Print References Check my workCheck My Work button is now disabled3 Item2 Question 4-2 How do IFRS and U.S. GAAP differ in their approach to allowing reversals of inventory write-downs? Multiple Choice U.S. GAAP prohibits the reversal of past write-downs IFRS allows reversal from cost to net realization value (NRV) IFRS requires the reversal of write-downs All of these choices are correct.