Which of the Following Is NOT a Required Inventory Disclosure

question 22

Multiple Choice

Which of the following is NOT a required inventory disclosure under ASPE?

• A) any portion of foreign exchange gain/loss specifically attributable to inventory items
• B) choice of accounting policies adopted to measure the inventory
• C) carrying amount of inventory pledged as collateral for liabilities
• D) amount of inventory recognized as an expense in the period

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Definitions:

Personality and Culture

The study of how an individual's unique character traits are influenced by and interact with their cultural background.

Conscientious

The trait of being thorough, careful, or vigilant; implies a desire to do a task well.

Characteristic Personality Profiles

Refers to a distinctive set of traits, behaviors, and patterns of thinking that characterize an individual across different situations.

Ingroups

Social groups to which an individual feels a sense of belonging or identifies with.