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IAS 2 Inventories requires that when inventories are written down to net realisable value, they are written-down:
Projection
A defense mechanism in which an individual attributes their own unacceptable thoughts, feelings, and motives to another person.
Denial
A defense mechanism where a person refuses to accept reality or facts, blocking external events from awareness.
Personality
Personality encompasses the unique patterns of thoughts, feelings, and behaviors that make up an individual's character, influencing how they perceive the world and interact with others.
Trait
A characteristic or quality that defines an individual and can influence their behavior or responses to various situations.
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