Which of the Following Is Not Recognised as an Expense

question 8

Multiple Choice

Which of the following is not recognised as an expense in accordance with AASB 102?

• A) Cost of goods sold
• B) Write-downs of inventories to net realisable value
• C) Reversal of write downs to net realisable value
• D) Inventory items used by an entity as components in self-constructed property, plant or equipment.

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Definitions:

White Males

Refers to individuals who are biologically male and identified as having Caucasian or European ancestry.

Suicide Rate

The frequency at which individuals in a specific population or demographic commit suicide, usually expressed per 100,000 individuals per year.

Asian Americans

Individuals of Asian descent residing in the United States, encompassing a wide range of cultures, languages, and backgrounds.

Hispanic Americans

Individuals in the United States with ancestry from Spanish-speaking countries, particularly those from Latin America and Spain.