IAS 2 on Inventories Does Not Apply To

question 9

Multiple Choice

IAS 2 on inventories does not apply to:

• A)trees held for sale as part of forestry operations.
• B)work-in-progress under construction contracts.
• C)agricultural produce of a biological asset.
• D)any of the given answers.

---

Definitions:

Pretranscriptional

Pretranscriptional refers to the processes and modifications that occur to genetic material prior to the synthesis of RNA from DNA, affecting how genes are expressed.

Translational Control

Regulation of gene expression at the stage of translation, affecting the rate at which proteins are made from messenger RNA.

Gene Mutations

Gene mutations are changes that occur in the nucleotide sequence of DNA, potentially leading to genetic diversity or causing various genetic disorders.

Base Sequence

The order of nucleotide bases in a DNA or RNA molecule, which determines the genetic information carried by that molecule.