Which of These Is Not Included in the Cost of Inventory

question 48

Multiple Choice

Which of these is not included in the cost of inventory as defined by IAS 2/AASB 102?

• A) Cost of purchase.
• B) Costs incurred in bringing the inventory to its present location and condition.
• C) GST.
• D) Import duties.

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Definitions:

Inner Conflict

A psychological struggle within oneself, arising from opposing demands or impulses.

Major Life Changes

Changes in your life, such as divorce, that increase daily hassles, leaving you stressed and worn out.

Internal Sources

Refers to the means within an organization or entity from which information, financing, or support can be drawn.

Eustress

Positive stress, the kind felt when doing something one enjoys, such as playing tennis or attending a party.