The Following Information Relates to the Total Production Costs and Estimates

question 17

Multiple Choice

The following information relates to the total production costs and estimates of realisable value for a line of water pistols produced by Splash Happy Co LtD.

Packaging and transport costs are necessarily incurred in order to be able to sell the inventory. What is the value of the inventory in accordance with AASB 102?

• A) $37,000
• B) $21,000
• C) $39,000
• D) $36,000
• E) None of the given answers.

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The contamination of the natural environment by pollutants from human activities, leading to harmful effects on ecosystems.

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Legal rights to possess, use, and dispose of assets, including real property (land and buildings) and intellectual property.

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Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one individual without reducing the availability to another, and no one can be effectively excluded from using them.