Net Realisable Value of Inventories May Fall Below Cost for a Number

question 7

Multiple Choice

Net realisable value of inventories may fall below cost for a number of reasons including:
I Product obsolescence
II Physical deterioration of inventories
III An increase in the expected replacement costs of the inventory
IV An increase in the estimated costs of completion

• A) I, II and IV only;
• B) I, III and IV only;
• C) II, III and IV only;
• D) I and II only.

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Definitions:

Sleep

A naturally recurring state of rest for the mind and body, characterized by altered consciousness and reduced sensory activity.

Sleep Deprivation

A condition resulting from not getting enough sleep, which can affect cognitive functions, physical health, and emotional well-being.

Diminish Immunity

The reduction in the effectiveness of the immune system to fight infections and diseases.

Increase Attentiveness

The act of enhancing one's focus and concentration on a specific task or detail.