AASB 102 Requires,among Others,disclosure of Which of the Following Pieces

question 37

Multiple Choice

AASB 102 requires,among others,disclosure of which of the following pieces of information?

• A) accounting policy adopted for measuring inventories
• B) carrying amount of inventories for each classification of inventory appropriate to the entity
• C) amount of any write-down during the period
• D) all of the given answers

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Definitions:

Services

Intangible activities or benefits that are typically provided to satisfy the needs or wants of consumers or businesses.

Goods

Tangible products or items that satisfy human wants or needs and can be transferred from one person to another.

Product Market

The platform where end products or services are made available to individuals, companies, and the general public.

Households

Individuals or groups of people living together as a single unit, making economic decisions and consuming goods and services.