Under the Inventory Standard AASB 102,a New Assessment of the Net

question 25

Multiple Choice

Under the inventory standard AASB 102,a new assessment of the net realisable value of inventory items is made:

• A) in a general meeting
• B) each period
• C) weekly
• D) every two years

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Definitions:

Cash Provided

Funds that have been generated or received by a company, often referring to cash flow from operating activities.

Dividends Paid

The portion of a company's earnings that is distributed to shareholders, usually in the form of cash or additional shares.

Cash Payments

Transactions that involve the transfer of cash from one entity to another.

Inventory Increase

An rise in the quantity or value of goods held by a company for the purpose of sale in the normal course of business.