A Reason for Not Allocating All the Outgoings Incurred in Bringing

question 20

Multiple Choice

A reason for not allocating all the outgoings incurred in bringing the inventory to its present location and condition to the cost of inventory is:

• A) allocation may not make a material difference to reported profit or to the carrying amount of the inventory
• B) the allocation of some costs may be time-consuming
• C) incidental costs of acquisition may be minor
• D) all of the above are reasons

---

Definitions:

Time-Conscious

Being aware of the passage of time and often prioritizing tasks, planning, and managing schedules efficiently to maximize productivity.

HIV Infection

A viral infection caused by the human immunodeficiency virus that attacks the immune system, potentially leading to acquired immunodeficiency syndrome (AIDS).

AIDS

A deadly disease known as Acquired Immune Deficiency Syndrome, resulting from the human immunodeficiency virus (HIV) that extensively weakens the immune system.

Stress

A physical, mental, or emotional factor causing bodily or mental tension.