Which of the Following Is Not Recognised as an Expense

question 18

Multiple Choice

Which of the following is not recognised as an expense in accordance with IAS 2?

• 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.

Recognize the characteristics that should be the focus of performance appraisals according to EEOC guidelines.

Understand the role of performance appraisals in reinforcing positive behavior and improving performance.

Gain knowledge about different appraisal methods and their applications.

Understand how performance appraisals can influence pay reviews and organizational policies.

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Definitions:

Price Floor

A government or regulatory-imposed minimum price that can be charged for a good or service.

Quantity Demanded

The specific amount of a good or service that consumers are willing to purchase at a given price, at a particular time.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level in a given time period.

Equilibrium Price

The price at which the inventory of goods available meets the consumer demand in the marketplace.