Which of the Following Is NOT a Required Inventory Disclosure

question 22

Multiple Choice

Which of the following is NOT a required inventory disclosure under ASPE?

• A) any portion of foreign exchange gain/loss specifically attributable to inventory items
• B) choice of accounting policies adopted to measure the inventory
• C) carrying amount of inventory pledged as collateral for liabilities
• D) amount of inventory recognized as an expense in the period

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Definitions:

G6PD Gene

A gene that codes for the enzyme glucose-6-phosphate dehydrogenase, which plays a critical role in the body's processing of carbohydrates.

Skin Color

The pigmentation of an individual’s skin, largely determined by genetic inheritance and exposure to sunlight, varying widely among humans.

Non-thrifty Genotype

A genetic makeup that does not efficiently store fat or energy, possibly leading to disadvantages in environments where food resources are scarce.

Type 2 Diabetes

A chronic condition that affects the way the body processes blood sugar (glucose), often due to insulin resistance.