IAS 2 Requires Separate Disclosure Of

question 22

Multiple Choice

IAS 2 requires separate disclosure of:

• A) where there has been abnormal wastage which has been expensed;
• B) details of inventory pledged as security for loans;
• C) interest costs which have been capitalised into the cost of inventory;
• D) details of key terms of purchase.

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Definitions:

Incision

A cut made through the skin and soft tissue to access internal parts of the body during surgery.

Pressure Ulcers

Areas of skin and underlying tissue damage caused by prolonged pressure, often affecting immobile patients.

Decreased Consciousness

A reduced level of awareness and responsiveness to the environment, which can range from drowsiness to coma.

Risk Factor

Any internal or external variable that makes a person or group more vulnerable to illness or an unhealthy event.