'Net Realisable Value' of Inventories Is Defined in AASB 102

question 28

Multiple Choice

'Net realisable value' of inventories is defined in AASB 102 as the estimated selling price in the ordinary course of business:

• A) in a forced sale.
• B) plus the estimated costs necessary to make the sale.
• C) less the estimated costs of completion and the costs necessary to make the sale.
• D) plus the estimated costs of completion and the estimated costs necessary to make the sale.