AASB 102 Requires Among Others Disclosure of Which Information

question 28

Multiple Choice

AASB 102 requires among others disclosure of which information:

• A) Accounting policy adopted for measuring inventories.
• B) Carrying amount of inventories for each classification of inventory appropriate to the entity.
• C) Amount of any write-down during the period.
• D) All of the given answers.
• E) Carrying amount of inventories pledged for liabilities.

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Definitions:

Abbreviations

Shortened forms of words or phrases used to save space or avoid repetition for ease of communication.

U.S.A.

A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

M.B.A.

Master of Business Administration, a graduate-level degree focusing on business management, strategy, and leadership.

Formal Report

A structured document that presents information and analyses on specific topics in a professional and systematic manner.