Which Would Be a Consideration for Making Special Orders

question 44

Multiple Choice

Which would be a consideration for making special orders?

• A)Available capacity to fill the order
• B)If price will cover incremental costs of filling the order
• C)If the order will affect regular sales in the long run
• D)All of the above

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Definitions:

Finance Lease

A lease agreement that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred.

AASB 16

An accounting standard issued by the Australian Accounting Standards Board specifying the principles for recognition, measurement, presentation, and disclosure of leases.

IFRS 16

The International Financial Reporting Standard issued by the IASB which specifies how an IFRS reporter will recognize, measure, present, and disclose leases.

AASB 16

An accounting standard issued by the Australian Accounting Standards Board that specifies the principles for the recognition, measurement, presentation, and disclosure of leases.