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Compute the cost of inventory of joint operation

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Reference no: EM133020976

Questions -

Q1. Please provide explanation with the correct option IAS.28 covers the topics of:

a. Joint arrangement

b. Only Joint venture

c. Associate and joint venture

d. Consolidated statements

Q2. If Stafford Ltd has interest in Joint operation and provided plant to SmartTool (joint operation). The values of inventories at joint operation include: Finished goods 10000, Transferred inventory 90000. Based on this, compute the cost of inventory of joint operation?

a. 140000

b. 120000

c. 100000

d. 80000

Reference no: EM133020976

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