AASB 102 Prohibits Which of the Following from Being Included

question 6

Multiple Choice

AASB 102 prohibits which of the following from being included in the cost of inventory?

• A) trade discounts received
• B) freight (where the terms of sale are FOB destination)
• C) production overheads
• D) import duties

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Definitions:

Persuade

To convince someone to do or believe something through reasoning or the use of temptation.

Brief Written Message

A concise and clear written communication intended to convey information or instructions effectively.

Analyzing Your Audience

The process of understanding the characteristics, expectations, and needs of the audience to whom you are communicating.

Linear Presentation

A straightforward, sequential approach to presenting information, where ideas are conveyed in a logical order from start to finish.