Under IAS 2, What Adjustment Needs to Be Made After

question 41

Multiple Choice

Under IAS 2, what adjustment needs to be made after an inventory write-down if the selling price subsequently increases?

• A) No adjustment is necessary. Once inventory is written down, it cannot be increased under IASB standards.
• B) It should be sold at the replacement cost.
• C) The inventory write-down should be reversed to bring it in line with the new net realizable value.
• D) Recovery of inventory loss should be debited to reflect the increase in inventory value.

Understand the impact of environmental factors, including diet, on genetic diseases and conditions.

Recognize the role of epigenetics in gene expression and its implications for diseases.

Identify and describe the structure and function of neurons and glial cells.

Understand the role of proteins in cellular functions and the process of protein synthesis.

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Definitions:

Expectancy-Value Technique

A method used to understand motivation, positing that individuals' behaviors are influenced by their expectations of success and the value they place on the outcome.

Likert Scale

Scale that evaluates how strongly people agree/disagree with favourable/unfavourable statements about an attitude object.

Bogus Pipeline Technique

A research method that tricks participants into believing their true attitudes can be detected, thus encouraging them to be more truthful in their responses.

Pluralistic Ideology

An approach or belief system that acknowledges, accepts, and encourages a diversity of thoughts, beliefs, or people within a society or group.