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- IAS 2 – Inventories 0%
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Question 1 of 4
Which of the following statements define the term ‘net realisable value’?CorrectIncorrect
Question 2 of 4
Which of the following does the cost of inventories comprise?CorrectIncorrect
Question 3 of 4
Normal capacity is the production expected to be achieved on average over a number of periods or seasons under normal circumstances, taking into account the loss of capacity resulting from planned maintenance.CorrectIncorrect
Question 4 of 4
The actual level of production may be used if it __________ normal capacity.CorrectIncorrect