AASB 102 Inventories Requires Separate Disclosure Of

question 7

Multiple Choice

AASB 102 Inventories requires separate disclosure of:

• A) the amount of inventories recognised as an expense.
• B) the carrying amount of inventories pledged as security for loans.
• C) the circumstances that led to a reversal of a previous write down of inventories.
• D) All of these options.

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Definitions:

Concordance

In genetics, the presence of the same trait in both members of a pair of twins or in both members of a family, indicating genetic influence.

G-Rated

A classification for movies deemed appropriate for all ages by the Motion Picture Association of America.

Animated Films

Motion pictures created by photographing a sequence of drawings, models, or computer graphics to give the illusion of movement.

Scenes of Violence

Visual or descriptive representations of physical force exerted for the purpose of causing damage or harm.