In Computing the Lower-Of-Cost-Or-Market,under IFRS,the Market Value Is Defined as the Net

question 83

True/False

In computing the lower-of-cost-or-market,under IFRS,the market value is defined as the net realizable value,which is essentially the sales price.

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Definitions:

Ionic Compounds

Chemical compounds composed of ions held together by electrostatic forces known as ionic bonding.

Dissolve

The process of a substance becoming incorporated into a liquid to form a solution, typically through physical and chemical interactions.

Dissociate

Ionization in which ions are dissolved in water and the cations and anions are surrounded by water molecules.

Charge

In physics, charge refers to a property of matter that causes it to experience a force when near other electrically charged matter; there are two types, positive and negative, which attract each other.