Which of the Following Is Not a Definition in IAS

question 36

Multiple Choice

Which of the following is not a definition in IAS 2 on inventories?

• A)Assets in the form of materials or supplies to be consumed in the production process.
• B)Assets in the process of production for sale.
• C)Raw materials to be used in maintaining machines that prepare goods for sale.
• D)Assets held for sale in the ordinary course of business.

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Definitions:

Series RC

A circuit configuration where a resistor and a capacitor are connected sequentially in a single path for current to flow.

Capacitive Circuit

A type of electrical circuit that primarily contains capacitors among other components, which stores and releases electrical energy.

Electric Degrees

A unit of measurement used in electrical engineering to describe phase angle, where 360 electric degrees correspond to one full cycle of a sine wave.

Series RC

Refers to an electrical circuit in which a resistor and a capacitor are connected in a series configuration, affecting the circuit's overall impedance and phase angle.