AASB 102 Allows Which of the Following to Be Capitalised

question 6

Multiple Choice

AASB 102 allows which of the following to be capitalised into the cost of inventories?

• A) Selling costs.
• B) Normal costs of material wastage.
• C) Storage costs for finished goods.
• D) Administrative overheads.

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Definitions:

Omnichannel Retailers

Retail operations that integrate different methods of shopping available to consumers, such as online, in a physical store, or by phone.

Internet

A vast network of computers that is globally connected, facilitating information sharing, communication, and access to web resources.

Off-price Retailers

Retail stores that sell branded goods at lower prices than those typically charged by departmental stores or traditional retailers, often due to overproduction or closeouts.

Discount Prices

Lower than the standard price, often used as a promotional strategy to increase sales or clear out inventory.