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#1. Identify situation (s) when NRV is likely to be less than cost.
#2. The value of inventories for the finacial statements are measured at:
#3 Which of the following does not need to be disclosed in the financial statement (a) amount of inventoriesrecognised as an expense (b) physical count of catagories of inventories ( c) carrying amount of inventories pledge as securities for liabilities ( d) accounting policies used to measured inventories including cost formula.
#3. The cost of inventory can be measured using.....
#4 Cost of inventory include...
#5. name all the inventories that IAS 2 relates to
#6. what is considered to be included in inventories based on IAS 2?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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